Securities RegistrationQuestion 38 of 100
Registration by notification, sometimes called registration by filing, is generally available to:
a.Any issuer regardless of operating history
b.Only issuers making their very first public offering
c.Only issuers of exempt securities
d.Established issuers that meet stated requirements such as a minimum operating history and no default on senior securities
Explanation
Notification is the abbreviated method reserved for seasoned issuers that satisfy conditions on operating history, earnings, and the absence of defaults on debt or preferred dividends. A first-time issuer with no track record cannot use it and would turn to coordination or qualification. Exempt securities need no registration at all, so the method would be irrelevant to them.
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