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What is a Prospectus? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

A prospectus is a legal document required and filed by the Securities and Exchange Commission (SEC) that provides details about an investment offering for sale to the public. A prospectus should contain the facts that an investor needs to make an informed investment decision, including an explanation of the terms, issuer, and objectives (in the case of a mutual fund) or planned use of the money (in the case of securities), and historical financial statements.

 

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