Securities of charitable organizations are not exempt from the registration requirement of the 1933 Securities Act.

Question

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Charitable organizations are not exempt from the registration requirement of the 1933 Securities Act, meaning that they are required to register their securities with the Securities and Exchange Commission (SEC) before they can be offered or sold to the public. This applies to all securities, including those issued by non-profit organizations and charities.

Securities of Charitable Organizations Are Not Exempt from the Registration