Which of the following types of securities or securities transactions are exempt from the need to be registered under the Securities Act of 1933?
I.Commercial paper with a maturity of nine months or less.
II.Intrastate issues in which the securities are offered and sold only within one state.
III.Municipal bonds.
A)I and II
B)II
C)I,II,and III
D)III

Question

Quizplus · Accepted Answer

I, II, and III are all correct. Commercial paper with a maturity of nine months or less, intrastate issues where securities are offered and sold only within one state, and municipal bonds are all exempt from the need to be registered under the Securities Act of 1933.

Which of the Following Types of Securities or Securities Transactions