This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- The difference between a primary offering (IPO) and a secondary offering based on who receives the proceeds.

- How follow-on offerings differ from secondary offerings, a common point of confusion.

- What defines a private placement under Regulation D and who is eligible to participate.

- The definition of restricted and control securities and why they are treated differently.

- The key requirements of SEC Rule 144, including the six-month holding period for restricted securities.

For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818