Congress has specifically exempted municipal securities from both the registration requirements of the Securities Act of 1933 and the periodic reporting requirements of the ________. When there was a significant expansion of the federal securities in 2002 with the passage of the ________.

Question

Quizplus · Accepted Answer

Municipal securities were exempted from registration requirements by the Securities Act of 1933 and periodic reporting requirements by the Securities Exchange Act of 1934. The Sarbanes-Oxley Act was passed in 2002 but it did not specifically impact municipal securities. Therefore, option D is the correct answer.

Congress Has Specifically Exempted Municipal Securities from Both the Registration