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Series 63: Regulation of Securities & Issuers
Series 63 practice questioneasyAmendments

If an issuer amends a registration statement to increase the number of securities to be offered, which of the following is TRUE under the USA?

  1. AAn amendment may be filed prior to the effective date to increase the amount of securities.✓ Correct answer
  2. BNo amendment is allowed after the initial filing.
  3. COnly decreases are permitted by amendment.
  4. DThe Administrator must automatically approve all amendments.
Explanation

Why AAn amendment may be filed prior to the effective date to increase the amount of securities.

Under USA Section 305(d), an issuer may amend a pending registration to increase the amount of securities before effectiveness, with new fees. Amendments are not prohibited (B), don't only allow decreases (C), and Administrator approval is not automatic (D).

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