SIE Exam Question 651: Answer and Explanation

Question: 651

Which of the following is an internal meeting between the officials of an organization that will be issuing securities and members of the syndicate that will be distributing them? The meeting is held after the registration of a new security with the SEC, but before the registration's effective date.

• A. Due diligence meeting
• B. Prospectus meeting
• C. Registration meeting
• D. Syndicate meeting

Correct Answer: A

Explanation:

A due diligence meeting is an internal meeting between the officials of an organization that will be issuing securities and members of the syndicate that will be distributing them. The meeting is held after the registration of a new security with the SEC, but before the registration's effective date.