Under the 1933 Act,a draft prospectus is included with the filed registration statement.This is known as a _____ prospectus.

Question

Quizplus · Accepted Answer

During the waiting period of the securities registration process,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.In addition,a red herring prospectus (name taken from the prominent red ink cautionary statement required on its first page) may be distributed.This is the draft prospectus included with the filed registration statement.

Under the 1933 Act,a Draft Prospectus Is Included with the Filed