|
||||||
|
||||||
|
Rule 159a: Definition of Seller for Purposes of Section 12(a)(2)
In relation to Section 12(a)(2), (a section dealing with civil liability in connection with untrue statements made on prospectuses), Rule 159a states that the issuer, regardless of the underwriting method, will be considered to being offering securities to potential investors if the following communications are made: • The issuer releases a prospectus relating to the offering • The issuer provides a free writing prospectus relating to the offering, or if the issuer is an open-end management company registered under the Investment Company Act of 1940, it provides a summary prospectus relating to offering • The issuer provides a free writing prospectus, or if the company is an investment company or a business development company registered under the Investment Company Act of 1940, it advertises the offering in accordance with Rule 482, (regulations governing advertising). • Any communication made by the issuer concerning the offering Either the issuer or a representative authorized by the issuer may communicate offerings. |
|
|||||
|
© 2009 GoingPublicInformation.com. All rights reserved. | ||||||