Transactions which are exempt from SEC registration include ________?
1) A "Private Placement" issuance of shares i.e. not offered to over 35 private "unaccredited investors"
2) Shares sold by a "WKSI" (Well Known Seasoned Issuers)
3) Bonds issued by any company whose annual revenues were less than $5,000,000 in the previous 12-month period
4) All these options are correct
