The Uniform Securities Act Permits an Issuer to Register by Coordination,which

question 16

Multiple Choice

The Uniform Securities Act permits an issuer to register by coordination,which means the issuer:

• A)can file the 1933 Act registration statement with the state securities administrator.
• B)becomes exempt from registration under state securities registration law.
• C)needs to file under the state securities registration law only and not the 1933 Act.
• D)need not register the securities statement once he/she has registered under the 1933 Act.

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Definitions:

Legally Enforceable

Refers to a right or obligation that can be upheld and compelled by law, typically through the court system.

Restatement (Second)

A collection of model laws aimed at clarifying, modernizing, and otherwise improving American common law on various subjects.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American jurisdictions.

Common Law

A system of law based on precedent and court rulings, as opposed to statutes or written legislation.