Which of the following is true of exempt securities?

Question

Quizplus · Accepted Answer

Once a security is designated as exempt, it is exempt from registration requirements under the Securities Act of 1933. However, there are certain conditions that must be met in order for a security to be considered exempt, and exemptions may be limited in scope or subject to change. An exemption notice does not need to be filed with the SEC each time the exempt security is transferred, although certain exempt offerings may require notice filings. Exempt securities may be traded publicly, although certain restrictions may apply depending on the type of exemption. The federal government is not the only entity that can issue exempt securities.

Which of the Following Is True of Exempt Securities