I would like to address the following question:
A new structured product is being issued by a bank. Is it legal for a broker to solicit orders & place limit orders on behalf of customers for this new product before the prospectus is published and made available?
Also, what are the prospectus delivery requirements after the order is transacted? Must the prospectus be delivered within a certain number of days?
I would be interested in any federal or state (in particular, Massachusetts) laws related to this. This might include SEC regulations, FINRA rules, other federal laws, MA laws, case law/precedents, etc.
laws, legal precedents, etc.