Series 65: Exercise

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 $5,100,000 in securities to all purchasers, the largest securities purchase by a single investor is $2,500, 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. Not exempt. Although n