Question of the Week

The Administrator issue may issue a stop order for a federal covered security under all the following conditions EXCEPT:

a) It is in the best interest of the public
b) The issuer fails to file copies of SEC documents with the Administrator
c) The issuer fails to provide the required notice filing
d) The issuer of an exchange listed stock fails to pay a filing fee in the state


Answer:

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, or if the issuer fails to comply with requirements for notice filing, consent to service of process, filing of federal documents or payment of the required fee. However, exchange listed stocks may not be issued a stop order solely for not filing a fee in the state.


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