Discuss Finra Series-63 Exam Topic 4 Question 30

Under the 2002 Uniform Securities Act, registration by coordination allows:

Afederal covered securities to be registered simultaneously with the SEC and with the states in which the securities will be offered for sale.

Bsecurities 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.

Cboth state-registered and out-of-state investment bankers to participate in the underwriting and registration of a new security issue.

Dissuers of federal covered securities to submit only a notice filing with the Administrator of states in which the securities will be offered for sale.

Suggested Answer: B

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.

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5 comments · newest first

Markus 2 days ago

A) is correct, federal covered securities can be registered with SEC and states.

Valentine 7 days ago

I thought registration by coordination allowed for simultaneous registration, but I can't recall if it applies to federal covered securities or just state ones. This is tricky!

Shasta 13 days ago

I feel like I might be mixing up registration by coordination with registration by qualification. I need to remember which one applies to federal covered securities.

Leota 18 days ago

I remember practicing a question similar to this, and I think it was about federal covered securities needing just a notice filing. So, I’m leaning towards option D being correct.

Susana 23 days ago

I think registration by coordination is about how non-federal covered securities can be registered, but I'm not entirely sure if it's simultaneous with the SEC or just the states.

Finra Series-63 Exam - Topic 4 Question 30 Discussion