Series 7 Exam Prep 6, Exempt Securities and Exempt Transactions

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical distinction between exempt securities (based on the issuer) and exempt transactions (based on how the security is sold), a common point of confusion on the exam. - The specific financial thresholds for an individual to be considered an accredited investor under Regulation D: over $1 million in net worth or an income of $200,000 ($300,000 for joint). - The requirements of Rule 144, which dictates a six-month holding period for restricted securities and imposes volume limitations on sales by corporate affiliates. - The difference between an accredited investor and a Qualified Institutional Buyer (QIB), with QIBs being institutions managing at least $100 million in securities for Rule 144A transactions. - The key provisions of major exemptions like Regulation A (small issues), Rule 147 (intrastate offerings), and Regulation D (private placements). For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep