SEC examiners of a proposed securities offering can issue a "deficiency letter" if they believe the information in a prospectus is not complete. That can delay the sale of a security.

Question

Quizplus · Accepted Answer

This statement is true as SEC examiners can issue deficiency letters if they find incomplete information in a prospectus, which can result in a delay in the sale of securities until the deficiencies are corrected.

SEC Examiners of a Proposed Securities Offering Can Issue a "Deficiency