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C is corrent because under the Securities Exchange Act of 1934 issuers of securities traded on a national securities exchange are required to register with the SEC unless specifically exempted.
A is incorrect because the registration requirements of the 1933 and 1934 Acts are not mutually exclusive. Satisfying the requirements of either act does not exempt an issuer from the requirements of the other act.
B is incorrect because the registration requirements of the 1933 and 1934 Acts are not mutually exclusive. The purpose of the 1933 Act is generally to regulate initial offerings of securities. The 1934 Act, on the other hand, is generally intended to regulate the subsequent trading of securities. Therefore, satisfying the requirements of either act does not exempt an issuer from the requirements of the other act.
D is incorrect because compliance with the Securities Exchange Act of 1934 does not permit an issuer to avoid compliance with applicable state registration requirements. Thus, state "blue-sky" laws must be complied with in addition to federal laws.