Series 63 practice questionhardHard - Least Likely Ongoing Disclosure
Which of the following is LEAST likely to be required as an ongoing disclosure by the Administrator after an issuer's registration becomes effective?
- AAnnual audited financial statements
- BNotice of any intent to pay dividends✓ Correct answer
- CPrompt updates on material changes
- DPeriodic statements as the Administrator deems necessary
Explanation
Why B — Notice of any intent to pay dividends
While prompt updates (C), annual reports (A), and additional statements (D) are standard under USA Section 305/307, notice of dividend intent (B) is not a typical ongoing disclosure unless it is material.
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