SIE practice questionmediumSecurities Act of 1933
Which security is generally exempt from registration under the Securities Act of 1933?
- AMunicipal bonds✓ Correct answer
- BCorporate stocks
- CMutual funds
- DVariable annuities
Explanation
Why A — Municipal bonds
Municipal bonds are generally exempt from 1933 Act registration. Corporate stocks, mutual funds, and variable annuities are not exempt.
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