Regulations & ConductCâu 108 / 125
A preliminary prospectus (red herring) used before a registration is effective:
a.Contains the final public offering price and effective date
b.Constitutes an offer to sell the securities
c.May be used to accept customer payments
d.Omits the final offering price and effective date and is used to gauge investor interest
Giải thích
A red herring is a preliminary prospectus circulated during the cooling-off period; it omits the final public offering price and the effective date and includes a legend noting it is not an offer to sell. It is used to solicit non-binding indications of interest, not to make sales.
Trích dẫn luật: Securities Act of 1933Luyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The primary purpose of the Securities Act of 1933 is to:
- During the cooling-off period of a registered offering, a broker-dealer may:
- In a firm commitment underwriting, the underwriter:
- A private placement conducted under Regulation D of the Securities Act of 1933 is:
- The Securities Exchange Act of 1934 is best known for:
- Trading securities on the basis of material, nonpublic information is prohibited as:
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