SEC CO AP Practice Questions - SEC Phase 2-7D Compliance Officer Associated Person Exam

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Which transaction is classified as an 'Exempt Transaction' under Section 10.1 of the Securities Regulation Code, requiring no prior registration of the securities sold?

The public offering of mutual fund shares by an investment company. A sale of securities by an executor or administrator at a judicial sale. An online public subscription campaign for corporate bonds. A commercial distribution of convertible debentures to retail investors.

Correct Answer:

A sale of securities by an executor or administrator at a judicial sale.

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