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SIE: Capital Markets & Offerings
SIE practice questionhardSecurities Act of 1933 - Exempt Transactions

Which of the following transactions is exempt from Securities Act of 1933 registration requirements?

  1. AAn IPO of a technology company
  2. BPrivate placements under Regulation D✓ Correct answer
  3. CA secondary public offering
  4. DOfferings on a national exchange
Explanation

Why BPrivate placements under Regulation D

Reg D private placements are exempt. IPOs, secondary offerings, and exchange-listed sales generally require registration.

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