Series 63 practice questioneasySecurities Registration — Coordination
Registration by coordination under the Uniform Securities Act requires that a security be registered simultaneously with which federal agency?
- AThe Securities and Exchange Commission (SEC)✓ Correct answer
- BThe Federal Reserve Board
- CThe Financial Industry Regulatory Authority (FINRA)
- DThe Office of the Comptroller of the Currency
Explanation
Why A — The Securities and Exchange Commission (SEC)
Under USA Section 303, registration by coordination is available when a registration statement has been filed with the SEC under the Securities Act of 1933. The state registration becomes effective simultaneously with the federal registration, streamlining the process for issuers conducting multi-state offerings.
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