Series_63 Free Dumps Study Materials
Question 7: Under the 2002 Uniform Securities Act, registration by coordination allows:
A. federal covered securities to be registered simultaneously with the SEC and with the states in
which
the securities will be offered for sale.
B. securities that do not fall within the category of federal covered securities to be registered
simultaneously with the SEC and with the states in which the securities will be offered for sale.
C. both state-registered and out-of-state investment bankers to participate in the underwriting and
registration of a new security issue.
D. issuers of federal covered securities to submit only a notice filing with the Administrator of states
in
which the securities will be offered for sale.
Correct Answer: B
Explanation: Under the 2002 Uniform Securities Act, registration by coordination allows securities
that are
not federal covered securities to be registered simultaneously with the SEC and with the states in
which
the securities will be offered for sale. Federal covered securities are exempt from state registration
and
are required to submit only a notice filing with the Administrator of the state. This is not the same as
registration by coordination.