Series 63 practice questionmediumWithdrawal of Registration
An issuer wants to withdraw a securities registration statement. Under the USA, withdrawal is permitted:
- AAt any time, automatically
- BOnly with the Administrator's consent✓ Correct answer
- CAfter the registration statement has been effective for one year
- DAfter all securities have been sold
Explanation
Why B — Only with the Administrator's consent
Withdrawal of a registration statement requires Administrator consent (USA Section 305(g)). Automatic withdrawal (A), waiting for one year (C), or selling out the offering (D) are not required.
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