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Simple English definitions for legal terms

due-diligence information

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A quick definition of due-diligence information:

Due-diligence information: Information that a broker-dealer must have and share with potential customers before providing quotes for over-the-counter securities. This is required by SEC Rule 15c2-11.

A more thorough explanation:

Definition: Due-diligence information refers to the information that a broker-dealer must have on file and provide to potential customers before submitting quotations for over-the-counter securities. This information is required by the Securities and Exchange Commission (SEC) Rule 15c2-11 (17 CFR § 240.15c2-11).

Example: Let's say you are interested in purchasing shares of a company that is not listed on a major stock exchange. Before a broker-dealer can provide you with a quote for these shares, they must have certain information on file and make it available to you. This information may include financial statements, business plans, and other relevant documents that can help you make an informed investment decision.

Explanation: The example illustrates how due-diligence information is necessary to protect investors from fraudulent or misleading securities. By requiring broker-dealers to have certain information on file and make it available to potential customers, the SEC aims to ensure that investors have access to accurate and reliable information before making investment decisions.

due day | due influence

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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