Series 24: Rule 15g-1 – Exemptions For Certain Transactions

Taken from our Series 24 Online Guide

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Rule 15g-1 – Exemptions for Certain Transactions

Certain transactions are exempted from penny stock trade rules 15g-2 through 15g-6 as described in this Rule 15g-1:

• Transactions by broker-dealers whose revenue from penny stocks is less than 5% of their total revenue and who have not acted as a market maker for the penny stock in the past year
• Transactions with institutional accredited investors
• Regulation D private placements
• Transactions by insiders
• Unsolicited trades

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