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Hello, thank you for using this service for your question. My name is ***** ***** I am a licensed California attorney. Although you are in Florida, I can help you with this question because this question deals with federal law. The short answer is that, so long as your organization has been granted 501(c)(7) status by the IRS, there is no need to register the issuance of securities with the SEC. I hope this helps, and please let me know if you need any clarification. Good luck!