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Cautious about “The Next Big Thing”

Sunday, December 6, 2015

Advisors and investors should be cautious when considering three products recently making news: marijuana-related investments, binary options and digital currency.

At first glance, marijuana, binary options, and digital currency appear to have no real connection to one another.  But what they all have in common is their recent emergence as three investments that both sellers and buyers hope will become the “next big thing.”

Advisors need to make sure they fully understand these products, their benefits, and their risks.  Do your due diligence before recommending these products to clients. If you are recommending these products make sure you are documenting suitability and maintain any notes from client meetings that might be pertinent to the recommendation. Most importantly be sure you are being fair and balanced when discussing these products with potential investors. Thoroughly cover all potential risks and limitations.

Investors should be sure to consider the investment objectives, risks, charges, and expenses carefully before investing. To learn more visit here.

About Red Oak Compliance Solutions

Red Oak Compliance Solutions is a leading provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. Our suite of 17(a)-4/WORM compliant features offer risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with our client’s needs. Our flagship advertising review software enables firms to deliver compliant content to the market with confidence, faster. Our Disclosure Management and Intelligence solution simplifies the management of disclosures, while our Registration Management solution automates and streamlines the licensing and registration process, further enhancing your internal processes. 

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