The Securities Act provides an exemption from the registration requirements of the Act, known as the Intrastate Offering Exemption, to issuers that sell their securities in states other than their state of domicile.

Question

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The Intrastate Offering Exemption allows issuers to sell their securities without registration only within their state of domicile, not in other states.

The Securities Act Provides an Exemption from the Registration Requirements