Q:
After a federal covered security has filed notice with the Administrator for an initial public offering, what actions are subsequent offerings subject to?
a) No filing notice would be required for subsequent secondary offerings
b) Filing notice would be required for subsequent secondary offerings
c) Registration of subsequent secondary offerings would be required only by Administrator’s order
d) Registration would be required for subsequent secondary offerings
A:
The correct answer is b.
Notice filings are required under the Act for both initial and secondary offerings of federal covered securities.

RELATED FAQS

  1. What constitutes a secondary market?

    Find out what constitutes a secondary market, and learn why that term can be applied far more broadly than you might initially ...
  2. The Administrator issue may issue a stop order for a federal covered security under ...

    The correct answer is d. The Administrator may issue a stop order if it believes it to be in the best interest of the public, ...
  3. Why do we need a secondary market?

    Find out why secondary markets play a crucial role in economic activity by promoting efficiency, safety, information and ...
  4. What kind of assets can be traded on a secondary market?

    Learn about the difference between the primary market and the secondary market, and what types of assets are traded on secondary ...
  5. What's the difference between primary and secondary capital markets?

    Learn how in the primary capital market, securities are issued for the first time, while in the secondary market, investors ...
RELATED TERMS
  1. Spot Secondary

    The sale of a previously issued security that does not require ...
  2. Secondary Market

    A market where investors purchase securities or assets from other ...
  3. Impact Day

    The date on which a corporation makes a secondary offering of ...
  4. Notice Of Default

    A public notice filed with a court stating that a mortgage borrower ...
  5. Secondary Stock

    A stock that is considered riskier than blue chips because it ...
  6. Open Offer

    A secondary market offering that is similar to a rights issue ...
Hot Definitions
  1. Sharpe Ratio

    The Sharpe Ratio is a measure for calculating risk-adjusted return, and this ratio has become the industry standard for such ...
  2. Death Taxes

    Taxes imposed by the federal and/or state government on someone's estate upon their death. These taxes are levied on the ...
  3. Retained Earnings

    Retained earnings is the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested ...
  4. Demand Elasticity

    In economics, the demand elasticity refers to how sensitive the demand for a good is to changes in other economic variables. ...
  5. Dark Pool

    A dark pool is a private financial forum or exchange for trading securities.
  6. Quadruple Witching

    The expiration date of various stock index futures, stock index options, stock options and single stock futures. All stock ...
Trading Center