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Exam Series 7 topic 1 question 141 discussion

Actual exam question from FINRA's Series 7
Question #: 141
Topic #: 1
[All Series 7 Questions]

Which of the following must be true in order for an offering to qualify as an intrastate offering under Rule 147?

  • A. 80% of the proceeds of the offering must be used in that state
  • B. 80% of the corporation’s assets must be located in that state
  • C. 80% of the corporation’s revenue must be earned in that state
  • D. all of the above are required
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Suggested Answer: D 🗳️
all of the above are required. An intrastate offering under Rule 147 requires qualification under all of these conditions.
by lolojepu at April 6, 2025, 2:04 a.m.

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