Series 63 practice questionhardCoordination—Material Changes
A security is registered by Coordination. After the effective date, the issuer files a material amendment with the SEC. Under the USA, the issuer must:
- ADo nothing, as only the SEC matters after effectiveness
- BPromptly file the amendment and related documents with the state Administrator✓ Correct answer
- CWithdraw the securities registration in all states
- DRequest a new hearing before the Administrator
Explanation
Why B — Promptly file the amendment and related documents with the state Administrator
Material amendments to the SEC registration must also be filed with the state (USA Section 303(b)(3)). A is incorrect; withdrawal (C) and hearings (D) are not required unless the Administrator takes action.
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