This Note examines the rules and regulations on free writing prospectuses (FWPs) under the Securities Act. In particular, this Note describes what an FWP is, the timing for using an FWP, conditions for using an FWP, the required legends on the FWP, how to file an FWP with the SEC, and the liability associated with an FWP. This Note also discusses media coverage, websites, and electronic road shows, and the circumstances in which they can constitute an FWP.