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The provisions of the Securities Exchange Act of 1934 apply to which of the following activities? I Trading rules for exempt securities II Trading rules

The provisions of the Securities Exchange Act of 1934 apply to which of the following activities?

I Trading rules for exempt securities
II Trading rules for non-exempt securities
III Anti-fraud rules for exempt securities
IV Anti-fraud rules for non-exempt securities

A I and II only

B III and IV only

C II, III, IV

D I, II, III, IV

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