Series 82: Gun-jumping

Taken from our Series 82 - FINRA Private Securities Offerings Exam

Definition of the term Gun-jumping...

making offers of a security before the registration statement has become effective, except through the preliminary prospectus (or under several exemptions provided by the Securities Act and various SEC rules). These provisions were put in place to protect the retail investor by making sure that each investor could make an informed decision through reading the preliminary prospectus. In 2005, the restrictions were relaxed to allow additional kinds of offers.

Since you're reading about Series 82: Gun-jumping, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 82
Please Enable Javascript
to view this content!