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Finance Dictionary and Glossary of Investment Terms
Time period an issuer is "in registration" with the SEC and may not promote its forthcoming issue.
The period starting when an issuer hires an underwriter and ending 25 days after the security begins trading, during which the issuer cannot comment publicly on the offering due to SEC rules.
In terms of an IPO, the period where an issuer is subject to a SEC ban on promotional publicity. The quiet period usually lasts either 40 or 90 days from the IPO.