Jack Monroe had bought 200 GE common shares on the New York Stock Exchange that he could easily sell without any SEC registration. Jack was able to do so because:

Question

Quizplus · Accepted Answer

There are several exemptions that allow nonissuers-average investors, usually-to offer and sell the securities they own, yet avoid the need to have the issuer register the securities. One provision exempts "transactions by any person other than an issuer, underwriter, or dealer." This exemption is used by most investors when they sell securities. In this scenario, Jack could sell the securities without registration because he was not an issuer, underwriter, or dealer.

Jack Monroe Had Bought 200 GE Common Shares on the New