Securities issued by well-known seasoned issuers can use a free-writing prospectus that can be continuously updated on the Web.

Question

Quizplus · Accepted Answer

This statement is true. Well-known seasoned issuers, or WKSIs, are allowed to use a free-writing prospectus that can be continuously updated on the Web. This is because WKSIs are presumed to have a high level of market knowledge and investor recognition, so they are given more flexibility in their disclosure requirements.

Securities Issued by Well-Known Seasoned Issuers Can Use a Free-Writing