Practice Quiz

FINRA Series 63 (NASAA)

Category - Series 63

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Which of the following is not a method that can be used to register securities with the state?
  1. registration by exception
  2. registration by notification
  3. registration by coordination
  4. registration by qualification
Explanation
Answer: A - Registration by exception is not a method that is used to register securities with the state. Registration by notification is a method available for those securities that meet a certain set of criteria and requires the least amount of paperwork. Registration by coordination is the method used for most securities. Registration by qualification is the most burdensome method, requiring a voluminous amount of paperwork.
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