Q:
If ABC corporation, which is listed on the New York Stock Exchange, plans to distribute a stock dividend to current shareholders, which of the following statements is true?
A) ABC must file a registration by qualification with the Administrator
B) ABC must file a registration by coordination with the Administrator
C) ABC must file a registration by filing with the Administrator
D) ABC does not have to file any registration with the Administrator because the transaction is exempt.
A:
The correct answer is d).

This transaction would qualify under two different exemptions – the first because it is an exchange listed stock and the second because no commissions or other compensation is involved with a stock dividend.


MORE FAQS

  1. If an issuer wishes to register a security in the state ...

  2. Transactions are exempt from registration where …

  3. The Administrator issue may issue a stop order for a federal covered security under all the following ...

  4. A corporation, which does virtually all of its business in the state where it has its home offices

  5. If ABC Company had the following Income Statement figures, what is the Operating Margin of ABC Company

  6. ABC Broker-dealer has no office in state and transacts fewer than five trades during a 12-month period

  7. How long is the validity period for a Series 63 exam if I have not been registered?

  8. All of the following are unethical behaviors prohibited under the Uniform Securities Act EXCEPT ...

  9. According to the USA, it is unlawful for a person to offer to sell a security in a state unless:

  10. Can you trade securities before you pass the Series 63 exam?

  11. How does piggyback registration work?

  12. After a federal covered security has filed notice with the Administrator for an initial public offering

  13. Under the Uniform Securities Act, a registrant who holds custody of client funds must do all of the ...

  14. ABC shares are currently trading at $27.00, and they are expected to pay a dividend of $0.50 ...

  15. Under the Uniform Securities Act, the Administration is empowered to perform which of the following ...

  16. How many attempts at each CFA exam is a candidate permitted?

  17. What's the average salary of a financial advisor?

  18. Why is Hong Kong considered a tax haven?

  19. Is smart beta cheaper than hedge funds?

RELATED FAQS

  1. If an issuer wishes to register a security in the state ...

    The correct answer is a. Registration by coordination is permitted when the issuer has filed a registration application with ...
  2. Transactions are exempt from registration where …

    Transactions are exempt from registration where … a. A sale, or offer of sale is made to ALL clients of a brokerage ...
  3. 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, ...
  4. A corporation, which does virtually all of its business in the state where it has ...

    The correct answer is d) Rule 147 is a rule that allows for intrastate offerings to be exempt from the requirements of full ...
  5. If ABC Company had the following Income Statement figures, what is the Operating ...

    The correct answer is c): The operating margin is a very useful test of the efficiency of corporate management. Operating ...
  6. ABC Broker-dealer has no office in state and transacts fewer than five trades during ...

    The correct answer is b. Under these circumstances, the broker-dealer is not required to register with the state and the ...
RELATED TERMS
  1. SEC Form D

    A filing with the Securities and Exchange Commission (SEC) required ...
  2. SEC Form 1

    An application for and amendments to an application for registration ...
  3. Piggyback Registration Rights

    A form of registration rights that grants the investor the right ...
  4. Exempt Transaction

    A type of securities transaction where a business does not need ...
  5. SEC Form SP15D2

    A form that concerns the filing of a special financial report ...
  6. SEC RW Filing

    This filing is made by companies which have already filed to ...
Hot Definitions
  1. IRS Publication 970

    A document published by the Internal Revenue Service (IRS) that provides information on tax benefits available to students ...
  2. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  3. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  4. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  5. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  6. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
Trading Center