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april861
april861
09.04.2021 • 
Business

Michelle Gladstone has noticed that many of her elderly clients do not bother to read the prospectus prior to making a purchase. They consider these documents much too confusing and far too time consuming to go through. They generally rely on Michelle's advice when pondering investment selections. Michelle is uncomfortable with her clients' lack of due diligence and is attempting to come up with a better way to educate them about the risks and rewards of investing in a particular fund. Under SEC rules, Michelle may engage in which of the following activities? A) She may type up a large font version of the prospectus for her clients' benefit, provided the large print version has been reviewed and approved by the firm's chief legal counsel.
B) She may underline or highlight key content areas within the prospectus, but must remind her clients that the points she decided to emphasize are of no more or no less importance than the balance of the material contained in the full prospectus.
C) She may summarize the prospectus provided her branch manager approves of the resulting abbreviated document and attaches a written notice to all recipients that a full version of the prospectus is available upon request.
D) She may provide her clients with a summary prospectus obtained from the fund's wholesaler.

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