Asked by Jessica Querol on Jun 04, 2024
Verified
Securities may be sold during the prefiling period.
Prefiling Period
Prefiling period is the timeframe before the official submission or filing of a legal document or case in a court or regulatory body.
- Comprehend the procedures for securities registration and the exemptions to these processes.
Verified Answer
WN
Wan Nurelly NazjihaJun 08, 2024
Final Answer :
False
Explanation :
Because they cannot offer to sell securities during the prefiling period,issuers,officers,directors,and underwriters usually try to avoid generating publicity about possibly issuing securities because the Securities and Exchange Commission (SEC)may construe such publicity as an attempt to condition the market to generate interest in the securities.
Learning Objectives
- Comprehend the procedures for securities registration and the exemptions to these processes.
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