Under the 1933 Act, any security offered or sold to a permanent resident of the single state where the issuer of the security resides and does business is exempt.

Question

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Under Section 3 of the 1933 Act, any security offered or sold to a permanent resident of the single state where the issuer of the security resides and does business is exempt.

Under the 1933 Act, Any Security Offered or Sold to a Permanent