RegulationsPregunta 43 de 110
Which of the following is an exempt security under the Securities Act of 1933?
a.Shares of a newly organized open-end investment company
b.Common stock of a listed manufacturing company
c.Units of a unit investment trust holding corporate bonds
d.General obligation bonds issued by a state or municipality
Explicación
Municipal and U.S. government securities are exempt from the registration requirements of the 1933 Act, though the antifraud provisions still apply. Investment company shares, including UIT units, must be registered and sold with a prospectus. Corporate equity offerings are the classic example of securities that must be registered.
Referencia Legal: Securities Act of 1933Practica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- The principal purpose of the Securities Act of 1933 is to:
- Registration of a securities offering with the SEC means that:
- During the cooling-off period for a registered offering, a representative may:
- The Securities Exchange Act of 1934 is best known for:
- Under the Investment Company Act of 1940, what portion of a registered fund's board must consist of directors who are not affiliated with the fund's adviser or underwriter?
- Before a newly formed open-end fund may offer shares to the public, the Investment Company Act of 1940 requires it to have:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos