SEC and Regulatory Filings
Prospectus
A disclosure document that explains an investment offering and its risks.
Also called: offering prospectus
What it means
A prospectus is the formal document given to investors when securities are being offered. It explains what is being sold, how the offering works, what the risks are, and other details investors should review before investing.
Why it matters
It helps users understand that offering documents are meant to inform, not just persuade.