Exercise
Choose exempt or non-exempt.
1. _____ Foreign government bonds
2. _____ Bank certificates of deposit (CDs)
3. _____ Shares of a fund that only has nonprofit securities within the fund
4. _____ An offer directed only to institutional investors
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. Exempt. Securities issued or guaranteed by a foreign government are generally exempt.
2. Exempt. Securities issued or guaranteed by a U.S. bank, such as bank CDs, are exempt.
3