Types of securities that are exempt from registration under the federal securities laws include:
A) securities of domestic banks.
B) securities of a charitable organization.
C) bonds issued by a city.
D) All of these are exempt.

Question

Quizplus · Accepted Answer

All of these types of securities are exempt from registration under the federal securities laws. Securities of domestic banks are exempt under the Securities Act of 1933, Section 3(a)(2). Securities of charitable organizations are exempt under Section 3(a)(4), and bonds issued by a city are exempt under Section 3(a)(2) as well.

Types of Securities That Are Exempt from Registration Under the Federal