Series 63: Exercise

Exercise

Choose exempt or non-exempt

1. 1. _ Foreign government bonds
2. 2. _ Bank certificates of deposit (CDs)
3. 3. _ Shares of a fund that only has nonprofit securities within the fund
4. 4. _ An offer directed only to institutional investors
5. 5. _ An offering for which the issuer sells $1,100,000 in securities to all purchasers, the largest securities purchase by a single investor is $1,500, and for which sales are conducted through a funding portal.

Answers

1. 1. Exempt. Securities issued or guaranteed by a foreign government are generally exempt.
2. 2. Exempt. Securities issued or guaranteed by a U.S. bank, such as bank CDs, are exempt.
3. 3. Not exempt. Although nonprofit securities are exempt, shares of a fund which only invests in nonprofit securities are not.
4. 4. Exempt. Offers or sales made