Series 63 practice questioneasyExempt Securities - US Government Agency Securities
Under the USA, which of the following are exempt securities?
- AGinnie Mae pass-through certificates✓ Correct answer
- BShares of a real estate investment trust (REIT)
- CNon-listed corporate bonds
- DUnregistered hedge fund interests
Explanation
Why A — Ginnie Mae pass-through certificates
Securities issued or guaranteed by U.S. government agencies (such as Ginnie Mae) are exempt (USA Section 402(a)(1)). REITs and hedge funds are not automatically exempt.
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