EXCELLENT resource for Series 82  exam facts!  At http://www.examfacts.com they have an excellent study guide filled with basic exam facts for the Series 82 exam.  The book is also available at Amazon.com

Example Questions from the Exam Facts 7 Book:

Define reselling of regulation S securities

as long as the resell happens offshore there is no problem. However if the security is restored in the United States than it must be registered or must be sold under Nick Simpson, typically a rule 144A exemption

Define PIPE

Private Investment in Public Equity (PIPE) transaction will stop a publicly held company raises funds quickly by selling unregistered private placement common stock to institutional investors (usually hedge funds).

Define PIPE shares Are Issued

at a discount to the market price as they are not registered.

The PIPE issuer agrees

to promptly file a registration statement for the sole securities so that the private equity investor can "cash out" for profit by selling registered securities in the market.

When days does the PIPE issuer have time to file the registration statement?

Within 30 days of closing and have it declared effective within 90-120 days of filing. Otherwise the agrees to pay a penalty