Question

Florida State

How can securities be registered in Florida List the cites of any statutes in Florida permitting the following:

a. Registration by filing

b. Registration by coordination

c. Registration by qualification

Answer 1

Answer:

Securities in Florida can be registered with the division of securities that administers and enforces compliance with the Florida Securities and Investor Protection Act that has been designed to protect the investing public and promote economic growth. This division regulates the sale of securities in, to or from Florida while complying with state law. The division is organized into a Bureau of Registrations that registers firms and their employees, and a Bureau of Enforcement that conducts examinations of registered entities throughout the state and processes complaints.

A company can register its securities over the online form or through the form obtained from the divisional office of Florida. The applicant needs to provide the details of trustees, directors and officers in the application.

After applying for the registration of security, Bureau of Enforcement conducts examinations of registered securities dealers so as to determine the compliance of the applicant company with the Securities and Investor Protection Act.

Securities Qualification Registration by Intra-State or Merit Review (Qualification) authorizes the holder to sell or make an offering of securities within this state under Section 517.081, Florida Statutes (F.S.), which is not otherwise required to be registered with the U.S. Securities and Exchange Commission (SEC).

One example of the city in Florida that permits the registration by qualification is Cuba.