Securities Registration Exemption - Section 3b

The video tutorial discusses the B Exemption under the 33 Act, focusing on its statutory and transactional aspects. It explains the issuance limits for small offerings and unrestricted shares, and how these exemptions are authorized by statute. The tutorial also covers the rule-based exemption under Regulation A, which serves as a safe harbor and fallback option for statutory authorizations.

What is the purpose of the exemption under the 33 Act?

What are the statutory authorizations for small offerings as described?

What is the maximum amount allowed for issuance under the small offering exemption?

Explain the significance of the rule-based exemption mentioned in the text.

How does the text describe the relationship between statutory exemptions and rule-based exemptions?