a legal defense in which a defendant may not be deemed liable for a false registration statement if it can prove it used due diligence in preparing and reviewing the registration statement. The issuer cannot use a due diligence defense, although its directors, officers, and employees can, as can underwriters and their associated persons.
Series 24: Due Diligence Defense
Taken from our Series 24 - FINRA General Principal Qualification Examination
Definition of the term Due Diligence Defense...
Since you're reading about Series 24: Due Diligence Defense, you might also be interested in:
Please Enable Javascript
to view this content!
to view this content!