Pursuant to the Securities Act of 1933, registration is required for which of the following...

The Securities Act of 1933 requires securities offered to the public to be registered with the SEC unless they qualify for an exemption. Open-end investment companies (mutual funds) are not exempt and must register.

D is correct because mutual funds are publicly offered and require registration.

A is incorrect because private placements are exempt under Regulation D.

B is incorrect because municipal securities are exempt under Section 3(a)(2).

C is incorrect because U.S. government securities are also exempt under Section 3(a)(2).