Which of the Below Statements Is TRUE

question 34

Multiple Choice

Which of the below statements is TRUE?

• A) Congress passed the Securities Act Amendment of 1975 to broaden federal regulation in the market for municipal debt.
• B) Securities Act Amendment of 1975 brought brokers and dealers in the municipal securities market, including banks that underwrite and trade municipal securities.
• C) The Securities Act Amendment of 1975 requires municipal issuers to comply with the registration requirement of the 1933 act.
• D) When the SEC formally approved the first bond disclosure rule, the disclosure rule had several exemptions.

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Definitions:

Ancillary Services

Supplementary services provided by companies that are not primary to their main business but enhance or support the overall consumer experience.

Ultimate Consumer

The ultimate consumer refers to the final buyer or user of a product or service who purchases it for personal, not business, use.

For-Profit Businesses

Businesses that are primarily focused on generating profits for their owners and shareholders.

Reseller Goods

Products that are bought and then sold by a business without any modification to the original product.