Series 63 practice questionhardTiming Between Methods
A junior banker files for registration by coordination in State L, but the federal registration is delayed due to SEC comments. What is the soonest the registration may become effective in State L if all state requirements have also been met?
- ASimultaneously with the effectiveness of federal registration.✓ Correct answer
- B20 days after the original state filing.
- CUpon Administrator approval, regardless of federal registration.
- DUpon the first sale in any other state.
Explanation
Why A — Simultaneously with the effectiveness of federal registration.
Registration by coordination can become effective when the federal registration becomes effective, assuming all state conditions are met. Registration by qualification instead becomes effective when the Administrator orders it effective.
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