Section 5 of the 1933 Act Provides an Exemption from Registration

question 2

True/False

Section 5 of the 1933 Act provides an exemption from registration for transactions of securities by any person other than an issuer,underwriter,or dealer.

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Definitions:

Filing

The process of submitting documents, typically to a government or regulatory body, in accordance with legal requirements or procedures.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry and protecting investors.

Accounting Profession

This refers to the field involving the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations.

EDGAR

The Electronic Data Gathering, Analysis, and Retrieval system used by the U.S. Securities and Exchange Commission (SEC) for the submission of documents.