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Series 63: Regulation of Securities & Issuers
Series 63 practice questioneasyRegistration by Filing

Which of the following is a prerequisite for a security to be registered by Filing under the USA?

  1. AIssuer has a class of securities registered with a national securities exchange for at least 36 months.✓ Correct answer
  2. BIssuer is registering the security with the SEC for the first time.
  3. CIssuer has not filed periodic reports with the SEC.
  4. DIssuer is offering an exempt security.
Explanation

Why AIssuer 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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