"security is registered by the securities and exchange commission" "under the uniform securities act, it is unlawful for any person to offer or sell any security in a state unless the"

security is registered in the State

Explanation:

The Uniform Securities Act is a law that provides a regulation system for the  state-level securities. In the current scenario, under the Uniform Securities Act, if the security is registered in the State then the lawful for any person to offer or sell any security in the State. The securities are reflated using this law at the state level to ensure the lawful trading of securities.

the answer is       political office  

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