The EU’s prospectus directive established a uniform capital market by changing the definition of a prospectus and simplifying the process of buying and selling shares. It requires a home state for the company issuing the prospectus and has exceptions for qualified investors and small transactions. Non-compliance can result in securities being listed in a foreign […]
A business prospectus is a legal document produced by a company for the US Securities and Exchange Commission (SEC) to review and approve before a securities sale can begin. It contains information about the company’s financial situation, future goals, and upcoming securities offerings. The purpose is to allow potential buyers to make an informed decision […]
An annuity prospectus is a document that provides an overview of a variable annuity contract, including details, costs, and benefits, to help consumers make informed decisions. It includes information on investment options, fees, and financial highlights. The SEC requires that it be provided to potential customers, and any changes must be communicated to current contract […]
