INVESTOR BULLETIN Municipal Bonds: Understanding Credit Risk

Apr 28, 2021
The SEC's Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about assessing credit risks they face when purchasing municipal bonds, which may also be called notes or certificates of participation. Credit risk—or default risk—is the risk that interest and/or principal on the securities will not be paid on time and in full. Investors need to know who is responsible for repayment of the securities and the financial condition of that entity to assess the credit risk and decide whether to purchase the securities. It is important to look beyond…
Category

Investor Bulletin: Municipal Bonds – An Overview

Apr 28, 2021
The SEC’s Offices of Investor Education and Advocacy and Municipal Securities are issuing a series of three Investor Bulletins to help educate investors about the municipal securities market.  This Bulletin provides an overview of municipal bonds, including the different types of municipal bonds, what information an investor should review before investing in municipal bonds and where investors can find information about them.
Category

Municipal Bonds

Apr 28, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate individual investors about municipal bonds.
Category

Investor Bulletin: The Municipal Securities Market

Apr 28, 2021
The SEC’s Offices of Investor Education and Advocacy and Municipal Securities are issuing a series of three Investor Bulletins to help educate investors about the municipal securities market.  This Bulletin provides an overview of the municipal securities market, including the different types of municipal issuers, how the municipal securities market is regulated, and what types of disclosures investors may be able to obtain about municipal securities.
Category

Investor Bulletin: Municipal Bonds – Asset Allocation, Diversification, and Risk

Apr 28, 2021
The SEC’s Offices of Investor Education and Advocacy and Municipal Securities are issuing a series of three Investor Bulletins to help educate investors about the municipal securities market.  This Bulletin provides a general overview on asset allocation and diversification in an investment portfolio, with a focus on the role of municipal bonds.
Category

Accredited Investors – Updated Investor Bulletin

Apr 14, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate individual investors about what it means to be an “accredited investor.” 
Category

Regulation A – Updated Investor Bulletin

Apr 14, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about Regulation A. Regulation A is an exemption from registration under the Securities Act that allows companies to raise money from the public in securities offerings of up to $50 million.
CategoryCorporation Finance

Crowdfunding for Investors – Updated Investor Bulletin

Apr 14, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about a new investing   opportunity in the form of securities-based crowdfunding.
Category

Investor Bulletin: Characteristics of Mutual Funds and Exchange-Traded Funds (ETFs)

Apr 2, 2021
The Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about mutual funds and ETFs. This Investor Bulletin discusses only ETFs that are registered as open-end investment companies or unit investment trusts under the Investment Company Act of 1940 (the “1940 Act”). It does not address other types of exchange-traded products that are not registered under the 1940 Act, such as exchange traded commodity funds or exchange-traded notes.
Category

Investor Bulletin: Mutual Fund Conversion to Exchange-Traded Fund (ETF)

Apr 2, 2021
Some mutual funds have announced plans to convert to ETFs. ETFs are similar to mutual funds. They both are pooled investment vehicles that invest in a variety of investments, but they are structured differently. The Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about certain considerations in connection with these conversions.
Category

Celebrity Involvement with SPACs – Investor Alert

Mar 10, 2021
The SEC’s Office of Investor Education and Advocacy (OIEA) cautions investors not to make investment decisions related to SPACs based solely on celebrity involvement. 
Category

Environmental, Social and Governance (ESG) Funds – Investor Bulletin

Feb 26, 2021
Funds such as mutual funds and ETFs that focus on environmental, social, and governance principles (ESG Funds) have gained popularity with investors over time. Investors may hear about these funds from financial professionals, from investment-focused online sites, or even from popular media. The SEC's Office of Investor Education and Advocacy is issuing this bulletin to educate investors about ESG Funds, including important questions to ask if considering whether investing in them is right for you.  
Category

Social Isolation and the Risk of Investment Fraud

Feb 9, 2021
FINRA, the North American Securities Administrators Association (NASAA), and the staff of the SEC’s Office of Investor Education and Advocacy have joined to raise awareness that increased social isolation during the COVID-19 pandemic can have a devastating impact on senior investors.
Category

Investor Alert: Thinking About Investing in the Latest Hot Stock? Understand the Significant Risks of Short-Term Trading Based on Social Media

Jan 29, 2021
The SEC’s Office of Investor Education and Advocacy warns investors of the significant risks of short-term investing based on social media, especially in volatile markets, and provides tips for long-term investing.
Category

Updated Investor Bulletin: Insider Transactions and Forms 3, 4, and 5

Jan 26, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about SEC Forms 3, 4, and 5. The federal securities laws require certain individuals (such as officers, directors, and those that hold more than 10% of any class of a company’s securities, together we’ll call, “insiders”) to report purchases, sales, and holdings of their company’s securities by filing Forms 3, 4, and 5.
Category

How to Read an 8-K

Jan 26, 2021
A company has just released its quarterly earnings. Another company has auditor news that could raise a red flag, and a third company is filing for bankruptcy. Where can you find more facts? Information about these events and many more are found in a document called a current report on Form 8-K.
Category

How to Read a 10-K/10-Q

Jan 25, 2021
If you want to follow or invest in a U.S. public company, you can find a wealth of information in the company’s annual report on Form 10-K. Among other things, the 10-K offers a detailed picture of a company’s business, the risks it faces, and the operating and financial results for the fiscal year. Company management also discusses its perspective on the business results and what is driving them.
Category

Investor Bulletin: Investing Throughout and Beyond Your Military Service

Jan 15, 2021
Whether you separate after only a few years or retire with 20 plus, know the steps you can take to continue to build wealth throughout and after your military career.  Learn more at Investor.gov/military and DoD’s Financial Readiness website.
Category

Margin Rules for Day Trading

Jan 8, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors regarding the margin rules that apply to day trading in a Regulation T margin account and to respond to a number of frequently asked questions we have received.
Category

Investment Scam Complaints on the Rise – Investor Alert

Dec 14, 2020
The SEC has recently experienced a significant uptick in tips, complaints, and referrals involving investment scams. The SEC’s Office of Investor Education and Advocacy urges investors to be on high alert in order to protect themselves and others from becoming victims of investment fraud. Fraudsters use times of uncertainty and change, such as the current COVID-19 pandemic, to lure victims into investment scams. Below are tips to help you recognize and avoid frauds like Ponzi schemes, fake CD scams, bogus stock promotions, and community-based financial scams.
Category

SPACs – What You Need To Know

Dec 10, 2020
The SEC’s Office of Investor Education and Advocacy (OIEA) wants to educate investors about investing in SPACs. You may have heard the term SPAC recently referred to in the financial or other news. 
Category

Fractional Share Investing – Buying a Slice Instead of the Whole Share

Nov 9, 2020
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about investing in fractional shares. What are Fractional Shares? A fractional share is when you own less than one full share of a stock or other security.
CategoryTrading and Markets

Tips for World Investor Week 2020: Investor Bulletin

Oct 5, 2020
The SEC’s Office of Investor Education and Advocacy, the Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the North American Securities Administrators Association (NASAA) are issuing this Investor Bulletin to highlight key messages from World Investor Week 2020, a global campaign to raise awareness about the importance of investor education and protection.  From October 5-11, 2020, investors, investment professionals, teachers, parents, researchers, and others are encouraged to make a special ef
Category

Investment Scams May Seek to Exploit Natural Disasters – Investor Alert

Sep 29, 2020
After a natural disaster strikes, fraudsters may try to take advantage of individuals who want to help fund recovery efforts or who receive lump sum insurance payouts. Fraudsters may use recent natural disasters, including Hurricane Laura, Hurricane Sally, and the wildfires on the West Coast, to lure victims into investment scams. These scams can take many forms.   
CategoryEnforcement

Investor Bulletin: Publicly Traded Closed-End Funds

Sep 25, 2020
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to provide investors information about closed-end funds that are traded on national securities exchanges. It is important to understand them and their risks before investing.  
CategoryInvestment Management