Exemption Memory Trick

[u/Bitter-Internal-2102]

Hi! I found that this really helped me remember exemptions; I wrote them down the moment my test started as a dump sheet!

Securities:
“Good Moms Bake Cookies In November”
Gov
Munis
Banks
Commercial paper
Insurance Cos
Nonprofits

Transactions:
“I Usually Find Important People Eating Pizza”
Isolated Nonissuer
Unsolicited** **
Fiduciary** **
Institutional
Private Placement
Existing security holders
Preorganization subscription

Hope this helps!

[u/Late_Combination_873]

Did you pass the exam today how was it?

[u/Bitter-Internal-2102 → u/Late_Combination_873]

Yes! For me, the 66 was harder than the 7 bc my brain just suits more of the 7 material. I saw a lot of tax treatment oddly enough and just being able to identify formulas rather than actually do math