deficiency letter

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Deficiency letter

Notification from the SEC to a prospective issuer of securities that revisions or additions need to be made to the preliminary prospectus.

Deficiency Letter

A letter from the SEC stating that there is a problem with a particular filing, especially a prospectus. A deficiency letter is submitted to the filer if the SEC determines that there is a major omission or error in the filing. The company making the filing is expected to deal with the deficiency immediately and make an amended filing. Generally speaking, the submission of a deficiency letter delays a new issue and may be accompanied by a stop order, forbidding a new issue until the matter is resolved.

deficiency letter

A letter from the SEC indicating disapproval with one or more aspects of a security issuer's registration statement.
References in periodicals archive ?
14, 2017, the Office of Compliance Inspections and Examinations (OCIE) published its National Exam Program Risk Alert detailing frequently identified compliance issues cited in investment advisor examination deficiency letters.
The agency's Office of Compliance Inspections and Examinations states in the alert that the compliance issues were most frequently identified in deficiency letters recently sent to SEC-registered investment advisors and as part of an examination initiative that focused on advisors' use of "accolades" in their marketing materials.
bidders must have the ability and knowledge to conduct the initial and annual inspections at all applicable units, including all independently owned homes and condo/townhouses, using hud~s quality standards, which would include scheduling, conducting inspections, deficiency letters, inspectionforms/reports, rent reasonableness forms and follow-up inspections as needed.
M2 EQUITYBITES-April 7, 2016-RiT Technologies Reports Receipt of Two NASDAQ Staff Deficiency Letters
TELECOMWORLDWIRE-April 7, 2016-RiT Technologies Reports Receipt of Two NASDAQ Staff Deficiency Letters
The California Board of Accountancy is sending deficiency letters to almost 600 licensees for failing to respond to the most recent batch of CBA peer review inquiries.
The new release, which combines older enhancements, can now track for lender-required policy characteristics and send deficiency letters when these requirements are missing.
The Company previously reported receipt of the Nasdaq Staff Deficiency Letters with respect to both the MVPHS and Minimum Bid Price requirements.
The Office of Compliance Inspections and Examinations says the list of most frequently identified compliance failures were sent to SEC-registered advisors via deficiency letters.
M2 EQUITYBITES-April 6, 2016-RiT Technologies receives two Nasdaq staff deficiency letters
NASDAQ: ETRM), the developer of medical devices using neuroblocking technology to treat obesity and other gastrointestinal disorders, announced today that on November 13, 2009 it received two Nasdaq Staff Deficiency Letters indicating that, for 30 consecutive business days, the Company's listed securities did not maintain the minimum Market Value of Publicly Held Share (MVPHS) of $15,000,000 as required by Listing Rule 5450(b)(2)(C) and did not maintain a minimum bid price of $1.
Duane Thompson, senior policy analyst at fi360, says he expects "the vast majority of the 'never-inspected' group to [receive] deficiency letters, meaning they will have to make adjustments to their compliance programs.

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