Series 6 - Investment Company And Variable Contracts Products Representative Exam
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The following issuer(s) are exempt from federal registration under the Securities Act of 1933:
The U.S. government and U.S. municipalities and territories
A
The U.S. government, U.S. municipalities and territories and Public utilities whose rates are regulated by a state or federal regulatory body
B
The U.S. government, Privately-held companies and Public utilities whose rates are regulated by a state or federal regulatory body
C
U.S. municipalities and territories, Privately-held companies and Public utilities whose rates are regulated by a state or federal regulatory body
D
Explanations
Issuers that are exempt from federal registration include the U.S. government, U.S. municipalities or territories, nonprofit religious, educational and charitable organizations, and public utilities and common carriers whose activities are regulated by a state or federal regulator. Privately-held companies are required to register their security issues with the SEC.