Series 63 practice questioneasyOngoing Disclosure - Annual Reports
Once an issuer's securities are registered by qualification in a state, which ongoing disclosure is the issuer generally required to provide to the Administrator?
- AAnnual reports as prescribed by the Administrator✓ Correct answer
- BCopies of all advertisements
- CIndividual transaction confirmations
- DQuarterly financials only if losses occur
Explanation
Why A — Annual reports as prescribed by the Administrator
USA Section 305 requires ongoing disclosure, typically in the form of annual reports if required by the Administrator. Transaction confirmations (C) and ads (B) are generally not required. Quarterly financials upon losses (D) are not a standard requirement.
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