Final answer:
A member must wait 10 days to release a report on their own IPO and 30 days for a secondary offering, with '10; 30' being the correct answer to the question. The correct option is A.
Step-by-step explanation:
A member must wait 10 days to release a report on their own IPO or 30 days for a secondary offering. The correct answer to this question is A. 10; 30. When companies go through an initial public offering (IPO), they become subject to specific regulations concerning the promotion and reporting on their stock.
Similarly, with a secondary offering, where more shares are sold after the company is already public, there are rules to ensure fairness and transparency in the market.
An IPO is significant as it provides the necessary capital to repay early investors such as angel investors and venture capital firms, and for the company's expansion. The securities industry has established quiet periods to avoid the potential for market manipulation or giving an unfair advantage to the company insiders or early investors.