> I'd estimate maybe 20-30% of the stock offers I see have a lot of front matter materials saying something to the effect of "if you come from the US you aren't

> I'd estimate maybe 20-30% of the stock offers I see have a lot of front matter materials saying something to the effect of "if you come from the US you aren't even allowed to read this, go away". That is interesting. I wonder why. It seems like they could offer a combined prospectus that addresses all major sets of requirements. I do know that the US an (much of?) the EU use different accounting standards; maybe the numbers are for one region or the other. > That logic doesn't hold. If it made sense supermarkets wouldn't work because they have to hold bilateral negotiations with hundreds of thousands of customers. In practice, they just offer a take-it-or-leave-it deal and people either accept it or they don't. This isn't buying a can of soup at retail.