Section 3a Securities Exemption - Explained

The video tutorial explains the statutory-based exemption, focusing on Rule 3A and Rule 147, which serve as a safe harbor for intrastate offerings. Rule 147 allows issuers to issue securities within a state without registration, provided they meet specific requirements. These include the company's location, revenue, assets, and use of proceeds being primarily within the state. The tutorial also covers restrictions on the resale of securities to ensure compliance with the safe harbor provision.

What limitations are placed on the company regarding its revenue and assets to qualify under Rule 147?

What does it mean for a security to 'come to rest' in the context of Rule 147?