While the Securities and Exchange Commission reviews a registration statement for completeness, the securities can be offered for sale but not sold.

Name: While the Securities and Exchange Commission reviews a registration statement for completeness, the securities can be offered for sale but not sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

During the SEC review process, a company can market its offering under certain conditions but cannot finalize sales until the registration statement is declared effective by the SEC.

While the Securities and Exchange Commission Reviews a Registration Statement