SIE Exam Practice Question 17
Question: 17
Which of the following securities are exempt from registration under the Securities Act of 1933?
Correct Answer: B
Explanation:
A municipal bond is exempt from registration, under the Securities Act of 1933, because it is issued by a government agency. Common stock, preferred stock, and corporate bonds are required to be registered because they are not issued by entities with high credit standing or by government agencies.
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