SIE practice questioneasySecurities Act of 1933 - Exempt Securities
Which of the following is considered an exempt security under the Securities Act of 1933?
- ACorporate bond
- BU.S. Treasury note✓ Correct answer
- CPreferred stock
- DExchange-traded fund (ETF)
Explanation
Why B — U.S. Treasury note
U.S. Treasury notes are exempt from registration under the Securities Act of 1933. Corporate bonds, preferred stock, and ETFs are not automatically exempt and generally require registration.
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