Series 63 practice questionmediumRequired Disclosures
For registration by qualification under the USA, which ownership information must the registration statement disclose?
- AThe names and addresses of persons owning 10% or more of the issuer’s outstanding shares✓ Correct answer
- BOnly the name of the single largest shareholder
- CThe names of every beneficial owner, regardless of percentage
- DNo ownership information is required
Explanation
Why A — The names and addresses of persons owning 10% or more of the issuer’s outstanding shares
Registration by qualification requires disclosure of the names and addresses of persons owning 10% or more of the issuer’s outstanding shares, along with other detailed issuer information.
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