Content Standards for All Communications
Chapters in this video
- 0:00 The universal standard: fair dealing and good faith
- 1:19 Exam trap: literally true but materially misleading claims
- 2:22 Audience-appropriate detail without relaxed standards
- 3:34 The performance prediction ban and its three carve-outs
- 4:57 Active recall: carve-out or violation
- 6:46 Rapid-fire exam recap
What this video covers
- Why the fair dealing, good faith, and balanced treatment rules apply universally no matter the communication category or filing status
- How a literally true statement can still violate the standard when a material omission makes it misleading in context
- The footnote and legend placement rule: information belongs there only if the placement would not obstruct investor understanding
- How audience-appropriate detail shifts between risk-averse retail investors and institutional trading desks without relaxing the underlying standard
- The three carved-out exceptions to the performance prediction ban: hypothetical math illustrations, compliant investment analysis tools, and properly supported research report price targets
- Why describing one of the three carve-outs in an exam stem is describing compliance, not a violation
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 82 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.