Series 63 practice questioneasyNSMIA: Limits on State Authority
Which of the following actions may a state securities Administrator NOT take regarding a federally covered security?
- AImpose additional registration requirements for the security✓ Correct answer
- BRequire notice filings for certain federally covered securities
- CInvestigate and enforce antifraud statutes
- DRequire the filing of consent to service of process
Explanation
Why A — Impose additional registration requirements for the security
States may not require registration of federally covered securities (USA Section 18), but can require notice filings (B), enforce antifraud rules (C), and require service of process (D).
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