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?
- AAn amendment may be filed prior to the effective date to increase the amount of securities.✓ Correct answer
- BNo amendment is allowed after the initial filing.
- COnly decreases are permitted by amendment.
- DThe Administrator must automatically approve all amendments.
Explanation
Why A — An 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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