Series 63 practice questioneasyOngoing Reporting
An issuer who has registered securities in a state under the USA must:
- AFile periodic reports as required by the Administrator✓ Correct answer
- BFile reports only if requested by a purchaser
- CFile annual reports only
- DNot file any reports after registration is effective
Explanation
Why A — File periodic reports as required by the Administrator
The USA authorizes Administrators to require ongoing or periodic reports as a condition of registration (but no more than quarterly). (B) is incorrect—the obligation is to the Administrator, not individual purchasers. (C, D) understate the requirement.
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