Reliance Global Group Inc (RELI)

[shanak10]

LMAO What a crock. RELI is a non reporting issuer.

another misleading statement?

With an IPO, the quiet period stretches from the time a company files registration paperwork with U.S. regulators through the 40 days after the stock starts trading. With publicly-traded companies, the quiet period is a reference to the four weeks before the end of the business quarter.

The federal securities laws do not define the term “quiet period.” However, that term is used to refer to the period of time surrounding the filing of a registration statement during which an issuer of securities must ensure that its offering-related communications comply with the federal securities laws. This period lasts, at a minimum, from the time an issuer files a registration statement with the SEC to the time that SEC staff declare the registration statement “effective.” During that period, issuers and other participants in the registered offering must be careful that any “offer” of the registered securities is made in accordance with the federal securities laws. The failure to comply with applicable restrictions on making “offers” is referred to as “gun-jumping.” Because the SEC and courts have broadly construed the term “offer” to include communications that might generate public interest in an issuer or its securities, the scope of communications that are potentially subject to restriction is quite broad.

https://www.investor.gov/introduction-investing/investing-basics/glossary/quiet-period