According to the 1933 Act,during the _____ period,no sales are permitted but a limited amount of solicitation is allowed.

Question

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During the waiting period (after the registration statement has been filed,but before it has been approved by the Securities and Exchange Commission),no sales are permitted but a limited amount of solicitation is allowed.Specifically,a tombstone ad (so called because of its shape) may be published in forums like The Wall Street Journal to make the market aware of the upcoming issuance.

According to the 1933 Act,during the _____ Period,no Sales Are