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9. Which of the following about a prospectus is INCORRECT? a. A prospectus can be used as a marketing tool. b. In the IPO process,
9. Which of the following about a prospectus is INCORRECT? a. A prospectus can be used as a marketing tool. b. In the IPO process, a prospectus provides detailed information about the company that plans to go public. c. The accuracy of information from the prospectus is the responsibility of advisors. d. A prospectus is a necessary tool to mitigate adverse selection in the primary market. (2 Marks)
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