U.S.securities laws would not apply to countries selling securities in the United States under the doctrine of sovereign immunity.

Question

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Sovereign immunity means that a country cannot be sued without its consent. However, if a country chooses to sell securities in the United States, they become subject to U.S. securities laws and regulations, regardless of their sovereign immunity status. Therefore, U.S. securities laws would apply to countries selling securities in the United States, and they would not be exempt under the doctrine of sovereign immunity.

USsecurities Laws Would Not Apply to Countries Selling Securities in the United