Series 24: Summary Of Registration Process

Taken from our Series 24 Online Guide

Summary of Registration Process

  • Pre-filing Period
  • » Registration statement filed
  • » Preliminary prospectus filed
  • » Customer communication prohibited
  • Cooling-off Period
  • » SEC given 20 days to review registration statement
  • » Underwriters embark on “road show” to solicit interest
  • Free-writing prospectus distributed
  • Range of prices offered for the new issue
  • » Cooling-off ends 20 days after last “qualified” decision
  • Post-filing Period
  • » Underwriters set price of issue
  • » Underwriting a

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