According to the Securities Act of 1933, which of the following is illegal during the waiting period?
A) Soliciting buyers for a company's securities.
B) Receiving offers to buy a company's securities.
C) Selling security subject to the act.
D) Soliciting through the use of a summary prospectus.
E) Soliciting offers for later acceptance.

Question

Quizplus · Accepted Answer

After the registration statement is filed, a waiting period commences. This period typically lasts 20 days. During this time, the SEC staff investigates the accuracy of the registration statement to determine whether the sale of the securities should be permitted. During the waiting period, it is still illegal to sell a security subject to the act.

According to the Securities Act of 1933, Which of the Following