Securities RegistrationCâu 37 / 100
Which statement about registration by qualification is correct?
a.It is available to any issuer, requires the most detailed disclosure, and becomes effective when the Administrator so orders
b.It is available only to issuers listed on a national exchange
c.It becomes effective automatically two business days after filing
d.It may be used only when a federal registration statement has also been filed
Giải thích
Qualification is the most demanding method, requiring extensive information about the issuer, its officers, its capitalization, and the use of proceeds, and effectiveness comes only when the Administrator orders it. It is the universal method, available to any issuer, and is typical for purely intrastate offerings with no federal filing. Automatic effectiveness on a short clock describes notification, not qualification.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An issuer is conducting an interstate public offering and has filed a registration statement with the SEC under the Securities Act of 1933. To register the same offering in a state, the issuer would most appropriately use:
- Registration by notification, sometimes called registration by filing, is generally available to:
- A mutual fund registered under the Investment Company Act of 1940 offers shares to residents of State G. With respect to State G, the fund's shares are:
- A privately held manufacturer sells its unregistered notes to eight insurance companies and two banks. No general advertising is used. This offering is best described as:
- Which statement about United States Treasury bonds under the Uniform Securities Act is correct?
- An individual investor sells 200 shares of an unregistered local company directly to her neighbor in a one-time private arrangement, with no broker involved and no pattern of similar sales. This is best characterized as:
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