Prática Series 7

A broker-dealer is in the selling group for the IPO of a company that has never been required to file Exchange Act reports. The deal is expected to price Thursday morning, and the firm plans to send confirmations Thursday afternoon. Under SEC Rule 15c2-8(b), when must customers expected to receive confirmations have been sent a preliminary prospectus?

• AAt least 24 hours before the confirmations are sent, which means by Wednesday afternoon
• BTogether with the confirmation on Thursday
• CWithin 25 days after the offering, along with the final prospectus
• DAt least 48 hours before the confirmations are sent, which means by Tuesday afternoon