Regulations第 43 / 110 题
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
解析
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.
法律依据: Securities Act of 1933免费刷完整 110 道题库 — 无需注册。
同考点相关题目
- 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: