Series 63 practice questionmediumDistinction: Material Change vs. Correction
Which situation would most likely be viewed as a CORRECTION rather than a material change under the USA, thus not requiring an amendment?
- AClarifying a typographical error in the registration statement✓ Correct answer
- BUpdating revenue projections due to a market shift
- CDisclosing a new risk factor after a product recall
- DRevealing an acquisition of a major competitor
Explanation
Why A — Clarifying a typographical error in the registration statement
Minor typographical corrections (A) are not material changes under USA Section 305. The other options involve substantive new information, requiring prompt amendment.
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