Series 7: 12.7.3 Intrastate Exemptions: Rule 147

Taken from our Series 7 Top-off Online Guide

12.7.3 Intrastate Exemptions: Rule 147

For businesses that conduct almost all of their business within one state, the Rule 147 intrastate exemption relieves them of registering with the SEC. To meet the requirements of this exemption, the business must have its principal place of doing business in the state and must satisfy at least one of the following requirements:

• 80% of revenues must come from w

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Just passed the Series 7 on the first attempt! Many questions on the FINRA exam forced me to consider scenarios from a different perspective, and the conceptual understanding the Solomon materials and study plan facilitated allowed me to apply my knowledge appropriately. If I need another license in the future, I'll rely on Solomon to help me prepare.

Dave Stakland Cambridge Investment Research Fairfield, IA

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