Series 7 Exam Question 384: Answer and Explanation

Question: 384

All of the following are types of blue-sky registration EXCEPT

• A. registration by cooperation
• B. registration by coordination
• C. registration by qualification
• D. registration by filing

Correct Answer: A

Explanation:

A. All securities sold in a state must be registered in that state (also known as blue-sky registration). Coordination, qualification, and notification (filing) are all types of state registration; registration by cooperation is not. If an agent wants to sell in a state, the security, the registered rep, and the broker-dealer must be registered in that state.