Which of the following is not an exempt security under the 1933 Act? a. municipal bonds b. insurance policies c. promissory notes d. annuities e. All of the above are exempt securities.

Respuesta :

Answer:

promissory notes

Explanation:

The Securities Act of 1933 provide full and fair information on the nature of securities sold through interstate and foreign exchange, and to prevent misrepresentations, prohibit deceit, fraud in selling them. This information didn't helps the government but investors to make informed decisions about whether to buy securities from a firm. Investors who incur damages have valuable rights of compensation if they can claim that critical information was reported incompletely.