Soliciting business: product descriptions, the new-issue process, and offering exemptions
Free FINRA Series 6 (Investment Company and Variable Contracts Products Representative) lesson in Seeks Business for the Broker-Dealer from Customers and Potential Customers. 16 min read, ~2,409 words.
A preliminary prospectus (red herring) may be used during the cooling-off period to gather indications of interest; it carries no final price and no offer of sale. The final prospectus must be delivered no later than confirmation of the sale; Rule 15c2-8 governs prospectus delivery by broker-dealers. New issues move...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- A2
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