deficiency letter

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 ?
Tintina responded this May and DEQ issued a third deficiency letter with a response from Tintina in July.
In January 2017, the company had also received a deficiency letter from Nasdaq regarding its non-compliance with Nasdaq Listing Rule 5620(a) for its failure to hold an annual meeting of stockholders no later than December 31, 2016.
RiT Technologies (NASDAQ: RITT) said it has received a NASDAQ staff deficiency letter, stating that the company fails to comply with the requirement to maintain a minimum bid price of USD1 per its shares.
NYSE: IEC) said that it has received a deficiency letter from the NYSE MKT LLC indicating that IEC has failed to file its quarterly report on Form 10-Q for the quarter ended December 26, 2014 by the requisite deadline of the Securities and Exchange Commission.
International Resource News-September 27, 2011--Euro Tech Holdings Company Limited receives deficiency letter from NASDAQ OMX(C)1994-2011 ENPublishing - http://www.
Minneapolis MN), which makes medical products to treat urological disorders, said it received a deficiency letter from the Nasdaq Global Market.
The goals for the current user fee program are dominated by "cycle" goals, instructing reviewers, for instance, to take a "first action" on a PMA review with a major deficiency letter within 150 days or a "second or later action" within 100 days on an expedited PMA.
Pyramid had previously received a deficiency letter from Nasdaq advising that, as a result of Scott Barnum's appointment as CEO and president, and his departure from the audit committee, Pyramid was not in compliance with rules that require a listed issuer to have at least three independent members on its audit committee.
The examination has several possible outcomes: OCIE will notify the adviser that it found no violations, it will send the adviser a deficiency letter outlining violations and requesting corrective action or refer the adviser to the SEC Division of Enforcement for further investigation.
1) If the application is incomplete in any respect, the agency must send a deficiency letter within that 30-day period, requesting the missing materials or information.
M2 EQUITYBITES-April 25, 2016-RiT Technologies gets 3rd NASDAQ deficiency letter

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