SIE practice questionmediumSecurities Act: Exempt Securities
Which of these is considered an exempt security under the Securities Act of 1933?
- AADR (American Depositary Receipt)
- BCommon stock of a corporation
- CCorporate bonds
- DU.S. Treasury bonds✓ Correct answer
Explanation
Why D — U.S. Treasury bonds
U.S. government securities (including T-bonds) are exempt from registration under the 1933 Act. Corporate stocks/bonds and ADRs are not automatically exempt.
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