Regulations: Securities Act of '33 Review solved
Questions
Exempted issuers are defined under the:
A: Securities Act of 1933
B: Securities Exchange Act of 1934
C: Trust Indenture Act of 1939
D: Investment Company Act of 1940 Correct Answer.-A: Securities Act
of 1933
U.S. Government securities:
A: trades settle "regular way" in 3 business days
B: are exempt securities under the Securities Act of 1933
C: are sold through prospectus offerings
D: are implicitly backed by the U.S. Government Correct Answer.-B: are
exempt securities under the Securities Act of 1933
Banker's Acceptances are:
A: money market instruments subject to the Securities Act of 1933
B: capital market instruments subject to the Securities Act of 1933
C: money market instruments exempt from the Securities Act of 1933
D: capital market instruments exempt from the Securities Act of 1933
Correct Answer.-C: money market instruments exempt from the Securities
Act of 1933
-used to finance imports and exports
,-can be sold w/out prospectus
Which statement is TRUE regarding Commercial Paper?
A: Commercial Paper may be sold without a prospectus
B: Commercial Paper must be sold with a prospectus
C: Commercial Paper must be sold with an Official Statement
D: Commercial Paper must be sold with an Offering Memorandum
Correct Answer.-A: Commercial Paper may be sold without a prospectus
-exempt
Common carrier issues are:
A: exempt from the Securities Act of 1933 but required to be sold with a
prospectus
B: exempt from the Securities Act of 1933 and not required to be sold
with a prospectus
C: subject to the Securities Act of 1933 but required to be sold with a
prospectus
D: subject to the Securities Act of 1933 and not required to be sold with
a prospectus Correct Answer.-B: exempt from the Securities Act of 1933
and not required to be sold with a prospectus
-securities issued by railroads, airlines, trucking corps
All of the following are exempt issues under Federal Securities Acts
EXCEPT:
A: Government Bonds
, B: Small Business Investment Companies
C: State Chartered Bank Issues
D: Municipal Bond Funds Correct Answer.-D: Municipal Bond Funds
-FUNDS
Which of the following is an exempt security under the Securities Act of
1933?
A: Unit Investment Trust
B: Small Business Investment Company
C: Open-End Investment Company
D: Closed-End Investment Company Correct Answer.-B: Small Business
Investment Company
Which of the following is NOT exempt under the Securities Act of
1933?
A: Corporate Bonds
B: Municipal Bonds
C: U.S. Government Bonds
D: Small Business Investment Companies Correct Answer.-A: Corporate
Bonds
All of the following are exempt issues under the Securities Act of 1933
EXCEPT:
A: U.S. Government Bonds
B: Savings and Loan Issues
Questions
Exempted issuers are defined under the:
A: Securities Act of 1933
B: Securities Exchange Act of 1934
C: Trust Indenture Act of 1939
D: Investment Company Act of 1940 Correct Answer.-A: Securities Act
of 1933
U.S. Government securities:
A: trades settle "regular way" in 3 business days
B: are exempt securities under the Securities Act of 1933
C: are sold through prospectus offerings
D: are implicitly backed by the U.S. Government Correct Answer.-B: are
exempt securities under the Securities Act of 1933
Banker's Acceptances are:
A: money market instruments subject to the Securities Act of 1933
B: capital market instruments subject to the Securities Act of 1933
C: money market instruments exempt from the Securities Act of 1933
D: capital market instruments exempt from the Securities Act of 1933
Correct Answer.-C: money market instruments exempt from the Securities
Act of 1933
-used to finance imports and exports
,-can be sold w/out prospectus
Which statement is TRUE regarding Commercial Paper?
A: Commercial Paper may be sold without a prospectus
B: Commercial Paper must be sold with a prospectus
C: Commercial Paper must be sold with an Official Statement
D: Commercial Paper must be sold with an Offering Memorandum
Correct Answer.-A: Commercial Paper may be sold without a prospectus
-exempt
Common carrier issues are:
A: exempt from the Securities Act of 1933 but required to be sold with a
prospectus
B: exempt from the Securities Act of 1933 and not required to be sold
with a prospectus
C: subject to the Securities Act of 1933 but required to be sold with a
prospectus
D: subject to the Securities Act of 1933 and not required to be sold with
a prospectus Correct Answer.-B: exempt from the Securities Act of 1933
and not required to be sold with a prospectus
-securities issued by railroads, airlines, trucking corps
All of the following are exempt issues under Federal Securities Acts
EXCEPT:
A: Government Bonds
, B: Small Business Investment Companies
C: State Chartered Bank Issues
D: Municipal Bond Funds Correct Answer.-D: Municipal Bond Funds
-FUNDS
Which of the following is an exempt security under the Securities Act of
1933?
A: Unit Investment Trust
B: Small Business Investment Company
C: Open-End Investment Company
D: Closed-End Investment Company Correct Answer.-B: Small Business
Investment Company
Which of the following is NOT exempt under the Securities Act of
1933?
A: Corporate Bonds
B: Municipal Bonds
C: U.S. Government Bonds
D: Small Business Investment Companies Correct Answer.-A: Corporate
Bonds
All of the following are exempt issues under the Securities Act of 1933
EXCEPT:
A: U.S. Government Bonds
B: Savings and Loan Issues
