Series 24: Sales Literature Deemed Misleading

Taken from our Series 24 Online Guide

Sales Literature Deemed Misleading

If sales literature or tombstone ads have information or a lack of information that deliberately misleads, the issuer, underwriter or dealer may be liable.

In addition, however, investment company sales literature must contain the same financial performance disclosure as the omitting prospectus. Sales literature that fails to include these financial disclosures is considered deliberately misleading.

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