What Is Prospectus?
A formal disclosure document that must be delivered to investors in a public offering, detailing the security, the issuer's business, financials, and risks. It is derived from the registration statement filed with the SEC under the Securities Act of 1933.
Prospectus across 4 exams
Prospectus appears on the following exams. Each defines it in the context candidates are tested on:
- SIE
- A formal disclosure document that must be delivered to investors in a public offering, detailing the security, the issuer's business, financials, and risks. It is derived from the registration statement filed with the SEC under the Securities Act of 1933.
- Series 7
- A formal legal document filed with the SEC that discloses material facts about a securities offering, including the company's financials, risks, and use of proceeds. It must be delivered to investors in a new-issue (primary market) offering.
- Series 6
- The formal disclosure document that must be delivered to investors before or at the time they purchase fund or variable-product shares, detailing objectives, risks, fees, and management. It is required under the Securities Act of 1933.
- Series 79
- The primary disclosure document delivered to investors, describing the securities offered, the issuer's business, financial condition, and risk factors.