While the SEC review is in progress, the issuer can circulate a preliminary prospectus to determine the interest in issue. The preliminary prospectus must include all of the following EXCEPT.

Question

Quizplus · Accepted Answer

The preliminary prospectus, also known as a "red herring," must include statements that the registration is filed but not effective and that the information is subject to change. However, it does not need to be printed in red ink to distinguish it from the final prospectus.

While the SEC Review Is in Progress, the Issuer Can