Question

Which of the following securities is exempt from registration under the Securities Act of 1933?
a. Shares of nonvoting common stock provided their par value is less than $1.
b. Bonds issued by a municipality.
c. Limited partnership interests sold for the purpose of acquiring funds to invest in bonds issued by the United States.
d. Corporate debentures that were previously subject to an effective registration statement provided they are convertible into shares of common stock.

Answer 1

Answer: In the given question there are two responses which are B (Bonds issued by a municipality) and C (Limited partnership interests sold for the purpose of acquiring funds to invest in bonds issued by the United States.)

Explanation:

During the year 1933 of the Securities Act Term they released certain exempt and non-exempt terms during that year.The registration issued exempt in the year 1933 is as follows:

-U.S. Government issues

-U.S. Government agency issues

-General Obligation Bonds

-Industrial Revenue Bonds