I genuinely think the quiet period has nothing to
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(Total Views: 403)
Posted On: 11/01/2021 1:00:27 PM
I genuinely think the quiet period has nothing to do with lack of news. There is no way Sec says keep the investors in the dark . I do agree there are certain things which you shouldn’t but there is lot more that can be said too .
That's where the so-called "quiet period" comes in. From the time a company begins seriously considering a securities offering, through the actual filing of a prospectus, until the Securities and Exchange Commission's staff declares that offering effective, a company cannot sell securities or "condition the market" for such a sale.
But that doesn't mean they can't say anything .
"There really is a quiet period, but people interpret it to be broader in scope than it really is," says Anita Klein, senior counsel to the director of the SEC's division of corporate finance.
In a much-ignored set of guidelines published in 1971, the SEC "as a matter of policy encourage[d] the flow of factual information to the shareholders and the investing public" during the registration period. It then went on to spell out what companies in registration could and could not do
That's where the so-called "quiet period" comes in. From the time a company begins seriously considering a securities offering, through the actual filing of a prospectus, until the Securities and Exchange Commission's staff declares that offering effective, a company cannot sell securities or "condition the market" for such a sale.
But that doesn't mean they can't say anything .
"There really is a quiet period, but people interpret it to be broader in scope than it really is," says Anita Klein, senior counsel to the director of the SEC's division of corporate finance.
In a much-ignored set of guidelines published in 1971, the SEC "as a matter of policy encourage[d] the flow of factual information to the shareholders and the investing public" during the registration period. It then went on to spell out what companies in registration could and could not do
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