Securities that are exempt from registration under the federal securities laws include:
A) securities of domestic banks.
B) annuity contracts issued by state-regulated insurance companies.
C) bonds issued by a city.
D) All of these are exempt.

Question

Quizplus · Accepted Answer

Securities of domestic banks, annuity contracts issued by state-regulated insurance companies, and bonds issued by a city are all examples of securities that are exempt from registration under the federal securities laws. These exemptions are designed to reduce regulatory burdens for certain types of issuers that are subject to other forms of regulation or where the risk to investors is deemed to be lower.

Securities That Are Exempt from Registration Under the Federal Securities