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NEW QUESTION: 1


Answer:
Explanation:

Explanation

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NEW QUESTION: 2
Which of the following securities would not necessarily be exempt from state registration?
A. a stock listed on the Tokyo Stock Exchange
B. a bond guaranteed by the Canadian government
C. a stock listed as a NASDAQ National Market Issue.
D. a bond issued by another state's employees' credit union
Answer: A
Explanation:
Stocks listed on the Tokyo Stock Exchange would not necessarily be exempt from state
registration. Stocks that are registered with the SEC, such as NASDAQ National Market Issue stocks,
securities issued or guaranteed by the Canadian government, and securities issued or guaranteed by
banks or credit unions are all exempt.

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D. Administrative and Alert-driven
Answer: D

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