Series 79 practice questionmediumRegistration
What is the waiting period in a registered offering?
- AThe time after closing when trading is prohibited
- BA state law escrow period for blue sky review only
- CThe period after a tender offer closes
- DThe period after filing and before effectiveness when written offers are limited by securities laws✓ Correct answer
Explanation
Why D — The period after filing and before effectiveness when written offers are limited by securities laws
The period after filing and before effectiveness when written offers are limited by securities laws During the waiting period, issuers and underwriters must follow gun-jumping rules and use compliant offering materials. Understanding those communication limits is central to ECM execution.
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