Are there any rules governing advertising of securities?

Yes, there are rules governing the advertising of securities in Pennsylvania. The Pennsylvania Securities Act of 1972 is the primary legislation governing securities advertising in the state. The Act defines what is considered a security, as well as the requirements for registering, advertising, and trading securities. It also sets forth civil and criminal penalties for violations of the law. The Pennsylvania Securities Act also states that all advertising of securities must be in compliance with the Federal Trade Commission’s (FTC) Anti-Fraud Rule and must be truthful and not misleading. This means that all advertising materials must contain information that is accurate and not exaggerated. Additionally, advertisements must clearly state any fees or commissions associated with buying, selling, or trading securities. The FTC also requires all securities advertisements to include a prominent statement that the investment involves a risk. This means that issuers must include a warning that the investment may result in a loss of some or all of the money invested. This is to ensure that investors are fully informed and understand the potential risks associated with the investment. The Pennsylvania Securities Act also requires all securities advertisements to be filed with the state securities commission for review before they can be published. This is to ensure that all advertising is in compliance with the Act and is not deceptive or misleading. The securities commission also has the power to take enforcement action against any person or firm that fails to comply with the Act.

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Are there any rules governing advertising of securities?

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