Ala. Admin. Code r. 830-X-4-.05

Current through Register Vol. 43, No. 1, October 31, 2024

Section 830-X-4-.05 - Circulation Of Preliminary Prospectuses

Preliminary prospectuses may be distributed in Alabama by a registered Alabama dealer or by an issuer provided that an application to register the securities offered is pending before the Commission, and provided:

(a) An application to register the securities is also pending before the Securities and Exchange Commission.

(b) The applicant has not been notified of proceedings under Section 8(b) or 8(d) of the Securities Act of 1933 or by this Commission that the application for registration is substantially deficient and the circulation of a preliminary prospectus is not appropriate in light of the deficient application.

(c) The outside front cover page of the prospectus shall bear, in red ink, the caption, "Preliminary Prospectus," the date of its issuance, and the following statement printed in type as large as that generally in the body thereof:

"A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, BUT HAS NOT YET BECOME EFFECTIVE. INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS PROSPECTUS SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BY ANY SALE OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE."

Author:

Ala. Admin. Code r. 830-X-4-.05

Filed September 30, 1982. Readopted: Filed November 9, 1983.

Statutory Authority:Code of Ala. 1975, § 8-6-23.