Section 5 of the 1933 Act Permits the Securities to Be

question 56

Multiple Choice

Section 5 of the 1933 Act permits the securities to be offered but not sold during the ________ period.

• A)pre-filing
• B)quiet
• C)waiting
• D)post-effective

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Definitions:

Sale Received

The revenue or income received from completed sales transactions.

Accrued Interest

Interest that has been earned but not yet received or paid. It accumulates from one payment period to the next.

Commission

A fee paid to an agent or employee for facilitating a sale or transaction, which is often a percentage of the sale price.

Accrued Interest

Interest that has been incurred but not yet paid, often referring to bonds or loans.