Which of the following would NOT be exempt from registration under the 1933 Securities Act?
A) An offering restricted to the residents of the state in which the issuing company is organized and doing business
B) An offering of state securities
C) An offering of limited partnership interests
D) A private offering to sophisticated investors who will not redistribute them

Question

Quizplus · Accepted Answer

The 1933 Securities Act requires most offerings to be registered, except for certain exemptions. Limited partnership interests do not automatically qualify for an exemption simply because they are limited partnership interests; their exemption status depends on other factors such as the nature of the offering and the investors involved. Choices A, B, and D describe scenarios that are typically exempt under the Act: intrastate offerings, government securities, and private offerings to sophisticated investors, respectively.

Which of the Following Would NOT Be Exempt from Registration