Unit 4 Flashcards
A primary transaction is…
A new offering of an issuer sold to investors
A primary transaction is…
A new offering of an issuer sold to investors
Coordination
SEC plus state registration
Notice filing
Federal covered securities do not register w/ the state administrator, however, they may be required to file records w/ the state Administrator that are filed w/ federal regulation.
Qualification
Intrastate offering
What is one item that will not be found in the registration statement?
Rating of the security
The term federal covered security includes all of the following expect
Securities traded on OTC Link
When an issue is registered by coordination, it is also registered under the provisions of what federal act?
The securities Act of 1933
For a charitable organization to be exempt under USA is must be for what purpose?
Nonprofit
