The __________ is the disclosure document that an issuer of securities provides to each prospective purchaser under the 1933 Act.
A) registration statement
B) prospectus
C) investment contract
D) placement memorandum

Question

Quizplus · Accepted Answer

The prospectus is the disclosure document provided by an issuer of securities to each prospective purchaser under the 1933 Act. The registration statement is the document that the issuer files with the SEC to register the securities. The investment contract is one type of security that may be subject to the 1933 Act. The placement memorandum is a document used in private placements of securities that is similar to a prospectus but is not required under the 1933 Act.

The __________ Is the Disclosure Document That an Issuer of Securities