An Administrator requires an issuer to file quarterly reports after a securities registration becomes effective. The issuer objects on the basis that quarterly filings are burdensome. Under the USA, is this requirement permissible?

1. AYes, because the Administrator may require periodic reports, not more than quarterly✓ Correct answer
2. BNo, because only annual reports may be required
3. CNo, because only federal regulators may require such filings
4. DYes, but only if the securities are exempt

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