List the securities exempt from registration with the Securities and Exchange Commission (SEC).
What will be an ideal response?
Certain securities are exempt from registration with the SEC. These are usually securities offered by certain institutions or securities that have certain characteristics which federal laws and the SEC believe do not require SEC oversight when issued. They include:
a)
Securities issued by any government in the United States.
b)
Short-term notes and drafts that have a maturity date that does not exceed nine months.
c)
Securities issued by nonprofit issuers, such as religious institutions,charitable institutions, and colleges and universities.
d)
Securities of financial institutions that are regulated by the appropriate banking authorities.
e)
Insurance and annuity contracts issued by insurance companies.
f)
Stock dividends and stock splits.
g)
Securities issued in a corporate reorganization in which one security is exchanged for another security.
Business
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Which of the following is NOT an example of a proof statement?
A. A testimonial.
B. A demonstration.
C. A guarantee.
D. The customer's past sales figures.
E. Independent research results.
