Required Disclosures: Rapid Fire

What this video covers

• The four specific disclosures required when selling securities at a financial institution, and why both oral and written delivery are mandatory
• The timing rules for oral disclosure (before or at the transaction) versus written disclosure (on or before completion of the transaction)
• Why "effective" is the only correct term for registration status, and why "approved," "endorsed," and "recommended" are always wrong
• How exempt status differs from a seal of approval, and why calling a Treasury bond "safe because the state exempts it" violates the rules
• The distinction between quoting a bond's stated coupon (a permitted factual statement) and guaranteeing a customer against loss (a prohibited dishonest and unethical practice)
• The three strict requirements for an agent to share in customer profits or losses: customer written authorization, broker-dealer written authorization, then proportionate financial contribution
• The limits on the Administrator's filing authority (exempt securities, exempt transactions, and federal covered securities are excluded) and why state recordkeeping rules can never exceed federal standards