Which of the following is an example of a transaction that is exempt from the registration requirements of the 1933 Act?

Question

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There are two types of exemptions from the registration requirements of the 1933 Act: securities exemptions and transaction exemptions.Securities issued by for-profit corporations and offered solely to intrastate investors is an example of a transaction exemption.Under Section 3(a) (11),an offering of securities solely to investors in one state by an issuer resident and doing business in that state is exempt from the 1933 Act's registration requirements.

Which of the Following Is an Example of a Transaction