Which of the following is true of exempt securities?

Question

Quizplus · Accepted Answer

Exempt securities are securities that are exempt from registration with the Securities and Exchange Commission (SEC) under the Securities Act of 1933. Once a security is exempt, it does not need to be registered again. However, there may be limitations on how the securities can be offered or sold, and certain exempt securities may be subject to state regulation. Additionally, an exemption notice does not need to be filed with the SEC every time the exempt security is transferred.

Which of the Following Is True of Exempt Securities