I'm currently studying for my series 65, taking it in a few months. I'm starting an investment related blog, and I was wondering about the regulations regarding this. I know that as long as I'm not charging for advice there is no issue, but say in a year or two I want to start a newsletter for premium members. Not promoting stocks or anything, just sending out research reports I've written on companies I follow. What are the regulations for something like that? As long as I have my 65 and am a registered advisor, and I disclose everything, there shouldn't be any problems right?
Regulation of online advice
- Thread starter jammg
- Start date
What about if you write a report and say that AAPL is good for a buy at 122 and will rise to 128?
BTW, are those posting in stocktwits or tweeter violating any legal rules?
There are no regulations regarding opinions. Simply preface every statement re: tradable instruments, stocks, futures, bonds etc, with " It's my/ our opinion" that....... and you are immune from prosecution. If people are dense enough to place money on the opinions of dart throwing unknown entities they are worthy targets in the present context of the human zoo. Welcome to the snake oil biz.
You would write "In my opinion AAPL is a good buy. My target is 128."
You have the right to publish your opinion.
But be careful that you don't cross the line into presenting yourself as an expert, unless you have the experience and credentials to make that claim. Otherwise your "opinion" could be construed as expert advice, and you leave yourself open to claims of fraud, etc.
Bottom line is you need to seek good legal advice if you proceed.
I guess opinions worth 0.