SIE practice questionhardSecurities Act of 1933 - Exempt Transactions
Which of the following transactions is exempt from Securities Act of 1933 registration requirements?
- AAn IPO of a technology company
- BPrivate placements under Regulation D✓ Correct answer
- CA secondary public offering
- DOfferings on a national exchange
Explanation
Why B — Private placements under Regulation D
Reg D private placements are exempt. IPOs, secondary offerings, and exchange-listed sales generally require registration.
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