Post Filing Waiting Period in Securities Issuance

The video tutorial discusses the limitations on communications and sales of securities during the post-filing period until the registration statement becomes effective. Oral communications are largely unregulated, while written communications must be accompanied by a statutorily approved prospectus. There are exemptions for well-known seasoned issuers who can use a free writing prospectus. The tutorial emphasizes the importance of adhering to SEC regulations and the requirements for prospectuses.

During the post-filing period, what type of communication is largely unregulated?

• Electronic communications

• Oral communications

• Written communications

• Visual communications

What must accompany written communications to make them compliant during the post-filing period?

• A financial statement

• A statutorily approved prospectus

• A marketing brochure

• A verbal agreement

Who reviews and approves the prospectus that must accompany written communications?

• The Internal Revenue Service (IRS)

• The Federal Reserve

• The Department of Commerce

• The Securities and Exchange Commission (SEC)

What is the key feature of a free writing prospectus used by well-known seasoned issuers?

• It does not need to be filed

• It is only for internal use

• It must meet all statutory standards

• It does not need to meet statutory standards

Which type of issuer is allowed to use a free writing prospectus?

• Newly established issuers

• Well-known seasoned issuers

• Foreign issuers

• Small business issuers