Series 63 practice questioneasyProspectus/Advertising
Which document is considered the official disclosure document for a new securities offering under the USA?
- AProspectus✓ Correct answer
- BTombstone ad
- CSubscription agreement
- DBroker-dealer's research report
Explanation
Why A — Prospectus
The prospectus is the primary disclosure document. Tombstone ads (B) are summaries, not disclosures. (C) and (D) do not meet regulatory disclosure standards.
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