Respuesta :
If an issuer offers federal covered security in a state, the state administrator may require the issuer to pay a filing fee in the State.
What is federal covered security?
- In short, federal covered protection is one that is exempt from state securities registration under federal law.
- Federal-covered securities include those traded on SEC-registered exchanges like the NYSE, AMEX, and the Nasdaq Stock Market, as well as investment companies registered under the Investment Company Act of 1940.
- Any security that is equal to or senior to one listed on the NYSE is considered covered security.
- If an issuing bank offers federally covered securities in a state, the state administrator may impose a filing fee on the issuer.
Therefore, if an issuer offers federal covered security in a state, the state administrator may require the issuer to pay a filing fee in the State.
Know more about federal covered security here:
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