Securities That Are Exempt from Registration Under the Federal Securities

question 79

Multiple Choice

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 the above are exempt.

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Definitions:

Designated

Appointed or chosen for a specific purpose or position; marked for a specific role or use.

Statute

A law enacted by a legislative body.

Tenancy for Years

A lease agreement that lasts for a specific and fixed period, after which it automatically ends without the need for notice.

Duration

The time period for which something lasts or is intended to last.