Q165
Legal document required by Securities Exchange Commission stating associated risks and detailed description of issues is classified as
A.
prospectus
AnswerB.
stated document
C.
risk detailed document
D.
exchange commission document
Answer: Option A
Solution
Answer: Option A
Solution:
Legal document required by Securities Exchange Commission stating associated risks and detailed description of issues is classified as prospectus. A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering for sale to the public. A prospectus is filed for stock, bond, and mutual fund offerings.