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FINRA Series 63 (NASAA)

Category - Series 63

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Which of the following securities would not necessarily be exempt from state registration?

a stock listed on the Tokyo Stock Exchange
a bond guaranteed by the Canadian government
a bond issued by another state’s employees’ credit union
a stock listed as a NASDAQ National Market Issue.

Explanation

Answer: A - Stocks listed on the Tokyo Stock Exchange would not necessarily be exempt from state registration. Stocks that are registered with the SEC, such as NASDAQ National Market Issue stocks, securities issued or guaranteed by the Canadian government, and securities issued or guaranteed by banks or credit unions are all exempt.

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FINRA Series 63 (NASAA)

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FINRA Series 63 (NASAA)

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