Series 63 practice questioneasyRegistration by Filing
Which of the following is a prerequisite for a security to be registered by Filing under the USA?
- AIssuer has a class of securities registered with a national securities exchange for at least 36 months.✓ Correct answer
- BIssuer is registering the security with the SEC for the first time.
- CIssuer has not filed periodic reports with the SEC.
- DIssuer is offering an exempt security.
Explanation
Why A — Issuer has a class of securities registered with a national securities exchange for at least 36 months.
Registration by Filing (USA Section 303(a)) is reserved for issuers with existing SEC registration and a track record, such as 36 months of exchange registration. B and C describe new or unqualified issuers; D refers to exemptions, not registration.
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