Which of the following statements regarding "registration by qualification" is true?
A.
Registration by qualification refers to the fact that certain categories of securities are exempt from state registration requirements.
B.
Registration by qualification is the preferred method used by issuers since it requires the least amount of paperwork.
C.
In its simplest form, registration by qualification requires the issuer to supply voluminous amounts of information about both the firm and its directors, officers, and major shareholders.
D.
Registration by qualification refers to the fact that the highest quality bonds, i.e., those with a AAA rating, are exempt from registration with the state.
Suggested Answer:C🗳️
Registration by qualification, in its simplest form, requires the issuer to supply voluminous amounts of information about both the firm and its directors, officers, and major shareholders. The state Administrator also has the authority to require even more documentation. It is the least favorite method of registration for obvious reasons.
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