For that reason, it should have filed a registration statement before selling them, the commission said.

The number and price of common shares for sale were not set in yesterday's registration statement.

At the time of the stock sales, there had been no registration statement in effect.

"People read the registration statement, so they knew exactly when my vesting was up," he said.

She did not mention the registration statement that was about to become effective.

Equitable has agreed to buy $362.5 million of the offered debt, according to the registration statement.

Proceeds will be used for general corporate purposes, according to the registration statement.

Once the agency declares the registration statement effective, the company can offer its shares to the public.

The registration statement said that shares will be about $36 each, which means the offering would raise nearly $650 million.

As in the corporate world, the basic fund document is a registration statement.