Practice Quiz

FINRA Series 63 (NASAA)

Category - Series 63

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A “notice filing” refers to
  1. the right of an issuer to run tombstone ads in the newspapers and other publications upon filing a registration application with the state Administrator.
  2. the filing by a federal covered investment adviser of forms already filed with the SEC along with a consent to service of process with the state Administrator.
  3. a document that the issuer must file with the SEC informing the SEC that the firm has applied to the state for registration of its new security.
  4. notification to the public by the issuer or its underwriters that the issue is being sold on an “all or nothing” basis.
Explanation
Answer: B - A “notice filing” refers to the filing by a federal covered investment adviser of forms filed with the SEC along with a consent to service of process with the state Administrator. The notice filing must be accompanied by the requisite state filing fee as well.
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