A
period of time that begins when a company files a registration statement with
the Securities and Exchange Commission (SEC). The quiet period lasts until the
SEC’s staff declares the registration statement “effective,” or approves it.
During this period, federal securities laws limit the information the company
and related parties can release to the public.
Despite some corporate
executives’ claims to the contrary, there is no such thing as a quiet period or
period of silence before a company announces its quarterly or year-end
financial results. Also called blackout
period.