> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://biasinvestors.crisp.help/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# Exempt Securities

Securities that are exempt from the filing provision of the Securities Act of 1933. Exempt securities include securities issued by municipalities, U.S. government and agencies, nonprofit organizations, and corporate debt securities with a maturity of less than 270 days (vs. Nonexempt).