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Legal Purpose Means the Contract Itself Does Not Violate the Law

question 67

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Legal purpose means the contract itself does not violate the law.

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Definitions:

Street Name

Describes securities held by a broker on behalf of a client but registered in the name of the firm.

Stock Certificate

A physical document that represents ownership in a corporation, indicating the number of shares owned by the shareholder.

Prospectus

A description of the firm and the security it is issuing.

Registration Statement

A legal document filed with the relevant regulatory authority that provides essential details about a company's finances, executives, and the securities it intends to issue to the public.

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