Series 65: 9.1.2.3.2. Registration By Coordination

9.1.2.3.2. Registration by Coordination

As the name implies, registration by coordination is used to coordinate the state and federal filings of a securities issue. In other words, this form of registration is used primarily by companies that are registering their securities for the first time with the SEC at the same time that they are registering them with certain states. This most commonly occurs with larger issuers who would like their securities 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 registration by coordination happen after the federal registration and reuse much of the federal registration’s paperwork.

As part of the required registration statement, an issuer attemptin