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Mariana [72]
3 years ago
13

The Securities Act of 1933 does not apply to the issuance of securities under $5 million. Question 4 options: True False

Business
1 answer:
kogti [31]3 years ago
3 0

Answer:

False

Explanation:

The Securities Act of 1933 requires the registration of all the securities issued and sold ob public markets. This act had some exemptions:

  1. private offerings (if the securities were offered to a certain group of persons and/or institutions)
  2. offerings of a limited size: a very small issuance would be excluded, but remember that $5 million of 1933 are equivalent to more than $98 million today (average annual inflation of 3.48%)
  3. securities issued by government entities
  4. securities issued on intrastate offerings (only traded within a given state)

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