La. Admin. Code tit. 10 § XIII-313

Current through Register Vol. 50, No. 11, November 20, 2024

Section XIII-313 - Use of Prospectus

A. A copy of such prospectus shall be delivered to each prospective purchaser of securities before consummation of any sale or contract for sale.

B. When a prospectus is used more than nine months after the effective date of the registration statement, the information contained therein shall be as of a date not more than 16 months prior to such use, so far as such information is known to the user of such prospectus or can be furnished by such user without unreasonable effort or expense.

C. In addition to the requirements of Subsection B of this Section if a prospectus becomes misleading or inaccurate in any material respect, its use shall be discontinued, and it shall be revised or supplemented in such a way that it shall not be misleading or inaccurate in any material respect. Three copies of such revised or supplemented prospectus shall be filed promptly with the Commissioner of Securities.

D. Nothing herein shall prevent the distribution of preliminary or final prospectuses pertaining to securities registered or being registered with the Securities and Exchange Commission if such distribution takes place in accordance with the rules and regulations of the Securities and Exchange Commission.

La. Admin. Code tit. 10, § XIII-313

Adopted by the Commissioner of Securities, November 9, 1971.

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:706.