Series 63: Registration By Coordination

Registration by Coordination

As the name implies, Registration by Coordination is used to coordinate both the state and federal filings of a securities issue. In other words, it is used primarily by companies who are registering their securities for the first time with the SEC, and they want to register their securities with certain states at the same time. This most commonly occurs with larger issuers who would like their securities to be made available to investors in multiple states.

The most important step is filing the appropriate registration statement at the federal level, before trying to register securities at the state level. All state level registrations under a Registration by Coordination happen after the federal registration and reuse much of that paperwork.

As part of the required registration statement, an issuer attempting a Registration by Coordination may be required to submit:

1. 1. Three