Wednesday, September 28, 2011 2:20:55 PM
This "quiet period" is defined by SEC as:
The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, a quiet period extends from the time a company files a registration statement with the SEC until SEC staff declare the registration statement "effective." During that period, the federal securities laws limit what information a company and related parties can release to the public. The failure to comply with these restrictions generally is referred to as “gun-jumping.”
www.sec.gov/answers/quiet.htm
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