Exempt securities - Instrument exempt from the registration requirements of the Securities Act of 1933 or the margin requirements of the S.E.C. Act of 1934. Such securities include government bonds, agencies, munis, commercial paper, and private placements.
Exempt securities : instrument exempt from the registration requirements of the securities act of 1933 or the margin requirements of the s.e.c. act of 1934. such securities include government bonds, agencies, munis, commercial paper, and private placements.