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pro-trader

04/03/11 12:06 PM

#142425 RE: pro-trader #142422

And here is what the SEC says

Quiet Period

The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, historically, a quiet period extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement "effective." During that period, the federal securities laws limited what information a company and related parties can release to the public.

http://www.sec.gov/answers/quiet.htm