Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Series 6

Unit 3 QQ 3.D Regulation of New Issues

Nonexempt Issues Must register with the SEC under the securities act of 1933.
Exempt Security A security exempt from the registration requirements (although not from the antifraud requirements) of the Sec Act of 1933. Ex include US government sec and municipal sec.
Paper Act Another name for Sec Act of 1933 because of the registration statement and prospectus. Reminder for the requirements for full and fair disclosure.
Blue Sky Laws Nickname for state regulations governing the sec industry. Coined in 1911 by kansas supreme court justice who wanted regulation to protect against "speculative schemes that have no more basis than so many feet of blue sky"
Blue-Skying the Issue Registering new issues at state level regulated by uniform securities act.
Cooling-Off Period The period (a minimum of 20 days) between a registration statement's filing date and the registration's effective date. In proactice, the period varies in length.
Preliminary Prospectus/ Red Herring An abbrev prospectus that is distributed while the SEC is reviewing an issuer's reg statment. It contains all of the essential facts about the forthcominog offering except the underwriting spread, final POP and date on which the shares will be delivered.
Indications of Interest (IOI) An investors expression of conditional interest in buyin and upcoming sec issue after the investor has reviewed a preliminary prospectus. An indication of interest in not a commitment to buy.
Tombstone Printed advertisement that solicits indications of interest in a sec offering. Text is limited to basic information about the offering, such as the name of the issuer, type of sec, names of the underwriters and where a prospectus is available.
Created by: ericjrolon