What does “due diligence services” mean?
“Due diligence” means different things in different industries—yet it all means essentially the same thing. It originally came into common use as a result of the U.S. Securities Act of 1933. In the act, Broker-Dealers would not be held liable for nondisclosure of information that failed to be uncovered in the process as long as they had conducted a “Due Diligence” investigation into the company who’s equity they were selling and disclosed to the investor what they found.
