The C&S Railroad is in the process of issuing new bonds.

FINRA Series-63 Question Answer

The C&S Railroad is in the process of issuing new bonds. Before these bonds can be offered for sale,

they must be registered with the SEC since railroads are involved in interstate commerce.

they must be registered in every state in which the bonds will be sold to investors.

they must be registered with the SEC and in each state through which the railroad passes.

None of the above statements is true.

Series-63 PDF/Engine

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