What Are Exempt Securities and Transactions? - Definition & Types


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1. Under Rule 506, how many non-accredited investors can an exempt security be sold to?

2. How does the Antifraud Rule affect financial information relating to exempt securities?

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About This Quiz & Worksheet

This quiz and worksheet can help you gauge your knowledge of exempt securities. You will need to know what these securities are and also rules that regulate them.

Quiz & Worksheet Goals

Use this worksheet and quiz to assess your understanding of:

  • Types of exempt securities
  • Definition of exempt security
  • Rule 505

Skills Practiced

Use this worksheet and quiz to test out the following skills:

  • Information recall - access the knowledge you have gained regarding the different types of exempt securities
  • Interpreting information - verify that you can read information regarding Rule 505 and interpret it correctly
  • Problem solving - use acquired knowledge to solve securities practice problems

Additional Learning

To learn more about exempt securities, review the corresponding lesson What Are Exempt Securities and Transactions? - Definition & Types. This lesson will help you:

  • Determine what securities are
  • Define exempt security
  • Identify the different types of exempt securities
  • Review Rule 504, 505 and 506
  • Determine the purpose of the Antifraud Rule