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

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:

private offerings (if the securities were offered to a certain group of persons and/or institutions)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%)securities issued by government entitiessecurities issued on intrastate offerings (only traded within a given state)