Q:
Peterson Jewels plans to offer $200,000 in securities to finance its expansion to two neighboring states; it does not plan to register federally with the SEC. What method of filing is required at the state level?
a) Filing by coordination
b) Notification by filing
c) Registration by qualification
d) Filing by letter of intent
A:
The correct answer is c)
Peterson Jewels will need to register by qualification and, as is the case with most state securities laws, will need to meet certain conditions and provide pertinent, required information to the state administrator. Most small and local companies who do not plan to register with the SEC will register by qualification.

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. The de Minimis clause for investment advisers means:

    A. An investment adviser must register with the state if it holds less than $25 million in assets.B. An investment adviser ...
  3. According to the USA, it is unlawful for a person to offer to sell a security in ...

    a. the security is registered with Federal Reserve. b. it is a federal covered security, is exempted from registration, or ...
  4. How do I know if I am buying unregistered securities or stocks?

    All securities, including stocks, bonds and notes, must be registered with the Securities and Exchange Commission (SEC) before ...
  5. If ABC corporation, which is listed on the New York Stock Exchange ...

    The correct answer is d). This transaction would qualify under two different exemptions – the first because it is an exchange ...
  6. Under the Uniform Securities Act, which of the following actions is permitted for ...

    The correct answer is d). A sales representative may not make trades in a state unless both the sales representative and ...
RELATED TERMS
  1. Foreign Qualification

    Legal permission for a corporation to do business in a state ...
  2. Crown Jewels

    The most valuable unit(s) of a corporation, as defined by characteristics ...
  3. SEC RW Filing

    This filing is made by companies which have already filed to ...
  4. Intrastate Offering

    In the United States, a securities offering that can only be ...
  5. SEC Form S-8

    A filing with the Securities and Exchange Commission (SEC) that ...
  6. SEC Form S-6

    A filing with the Securities and Exchange Commission (SEC), which ...
Hot Definitions
  1. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  2. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  3. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  4. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  5. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  6. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
Trading Center