According to the state laws, all the above except issues that are exempt must be registered. Hence, option A is the correct answer.
Blue Sky State Laws refers to laws that are enacted to combat fraud, and which require that issuers of securities must be registered.
Blue Sky Laws also required issuers of securities to disclose details of their offerings.
Hence the correction option is A.
Learn more about State Laws at:
https://brainly.com/question/946945