Securities issued by well-known seasoned issuers do not have to be submitted to the SEC for staff review of the offering before being sold.

Question

Quizplus · Accepted Answer

This statement is true. Well-known seasoned issuers (WKSIs) are companies that have a track record of frequent and successful securities offerings, and as such, they are eligible to take advantage of streamlined registration and offering procedures. One of the benefits of WKSI status is that securities issued by these companies do not have to go through the standard SEC review process before being sold. However, all offerings must still comply with applicable securities laws and regulations.

Securities Issued by Well-Known Seasoned Issuers Do Not Have to Be