United States Code Title 15,77j outlines in detail the regulations concerning the information required to be given in detail in a prospectus.Paragraph three of the sub-chapter states once a new security is issued and has been available on the market for longer than nine months, the data in the prospectus cannot be more than 16 months old.In other words, a corporation with securities for sale will attempt to make the prospectus as attractive as possible to potential investors.However, as falsifying information is illegal, generally a prospectus will hold true to the facts.A small-business owner since 1999, Benge has worked as a licensed insurance agent and has more than 20 years experience in income tax preparation for businesses and individuals.
In addition, knowing the currency of the information contained in the prospectus will help the investor to make smarter choices with investment dollars.
A prospectus issued by or on behalf of a company or in relation to an intended company shall be dated, and that date shall, unless the contrary is proved, be taken as the date of publication of the prospectus.
more generally, the dating of the Prospectus lines is problematic. See also Darlington, 20-22; Reed, 663-665; Wordsworth, 26-28.
Since the Prospectus MSS must date from before MS B, for which they provide the copy text, they cannot have been written any later than September 1806. A range of possible dates prior to 1806 have been put forward.
In terms of content, arguments were originally made for 1798 ( March, 1798, which states: I have written 1300 lines of a poem in which I contrive to convey most of the knowledge of which I am possessed.