Series 63 practice questioneasyCoordination vs Qualification Timing
An issuer files for registration by coordination in State Y. Which of the following must occur before the Administrator allows the security to be sold in the state?
- AThe federal registration statement must be effective.✓ Correct answer
- BA local underwriter must be appointed.
- CAll broker-dealers in the state must approve the registration.
- DThe securities must be listed on a national exchange.
Explanation
Why A — The federal registration statement must be effective.
Registration by coordination becomes effective when the federal registration becomes effective, provided all state requirements are met (USA Sec. 303). Other options are not requirements for effectiveness.
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