Compliance, Corp Finance, Private Placements

What is an Exempt Transaction

As it relates to the United States securities law, an exempt transaction is simply a transaction for which registration is not required.

To put this in context, virtually any time someone invests money, a securities transaction is involved, and all securities transactions require registration with the government, unless exempt. There are numerous exemptions, the most common one is the private placement exemption, where securities are not offered to the public.

The Securities Lawyer