Series 79: Permitted Use

Taken from our Series 79 Top-off Online Guide

We have an Audiobook for this text!

Permitted Use

Provided a registration statement has been filed, an FWP may be used in connection with an offering by a non-reporting or unseasoned issuer as long as the FWP is accompanied or preceded by a preliminary prospectus. If the FWP is electronic, this condition is satisfied if the FWP contains an active hyperlink to the then-current version of the prospectus.

A seasoned or well-known seasoned issuer does not have to provide a copy of or link to the preliminary prospectus. (As explained later in this chapter, under certain conditions a WKSI may use an FWP even before a registration statement has been filed.)

+ Read More
More Series 79 Info
What are people saying?
Create an Account

Since you're reading about Series 79: Permitted Use, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!

Summary

Free Writing Prospectus

What is a Free Writing Prospectus?
  • • Written communication that:
  • » Constitutes an offer to sell or solicitation to buy (for issuers other than WKSIs)
  • » Is used after a registration statement is filed

Types of Communications
  • • Written or printed materials
  • • Radio or television broadcasts
  • • Graphic communication (e.g., electronic media)
  • • Media stories (published or broadcast) if publisher or broadcaster is “in the business of” publishing or broadcasting and has not received compensation from issuer or offering participant
  • • Written or electronic road show presentations
  • • A live road show presentation to a live audience is not a free writing prospectus

Content Requirements
  • • May include information not in a prospectus
  • • May not include information that conflicts with information in registration statement or other SEC filings
  • • Must include legend stati