Does a recorded road show need to be filed with the SEC?

In the context of an investment banking road show, recorded presentations generally fall under the category of communications related to a securities offering. When issuers distribute any materials that will be viewed by prospective investors, these materials must be compliant with SEC regulations to ensure transparency and protect investors.

The correct answer indicates that a recorded road show needs to be filed with the SEC before the viewing. This requirement is in place because the SEC wants to review and approve any communications that will be disseminated to potential investors. Filing ensures that the content adheres to established guidelines around potential misleading statements and that all necessary disclosures are made upfront.

By requiring pre-viewing submission to the SEC, the regulatory body ensures that investors receive complete and accurate information prior to decision-making. This process helps maintain market integrity and investor confidence, as well as aligning with regulations that prohibit misleading promotional practices before securities are sold.