unregistered security

Definition of "unregistered security"
  1. A financial asset that does not have a registration statement on file
How to use "unregistered security" in a sentence
  1. The company was penalized for selling an unregistered security to investors.
  2. Investment in an unregistered security often carries a higher risk due to the lack of regulatory oversight.
  3. The broker was accused of dealing in unregistered securities, which led to a violation of financial laws.

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