Series 63 practice questionmediumAmendments after Effectiveness
After effectiveness of a registration statement, under what circumstances may an issuer file an amendment to increase the amount of securities offered?
- AAny time during the effectiveness period, if the public offering price and commissions remain unchanged✓ Correct answer
- BOnly before the effective date
- CAmendments are not allowed after effectiveness
- DOnly at the Administrator's discretion
Explanation
Why A — Any time during the effectiveness period, if the public offering price and commissions remain unchanged
Under USA Section 305(d), an issuer may amend to increase the amount of securities during the one-year effective period if pricing and commissions are unchanged. B and C are incorrect, D is not required by statute.
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