In a new whitepaper, regulation agency Eversheds Sutherland explores the advertising and marketing
In a new whitepaper, regulation agency Eversheds Sutherland explores the advertising and marketing restrictions for Collective Funding Trusts (CITs)and whether or not the registration and dissemination of belief knowledge on NFN and runs afoul of present advertising and marketing restrictions set by federal securities and banking rules.
CITs are on a gentle progress trajectory. In response to survey knowledge from Coalition of Collective Funding Trusts (CCIT) and Cerulli Associates, CIT belongings stood at $three trillion as of year-end 2018, with a compound annual progress price (CAGR) of seven.25% over a 5 12 months interval ending in 2018.
In an effort to carry extra transparency to this market, the Nasdaq Fund Network (NFN), a platform that facilitates the gathering and dissemination of vital knowledge for investable merchandise, expanded its protection to incorporate CITs. NFN generates tickers for CITs and supplies static and dynamic belief and efficiency knowledge. Whereas usually well-received by the funding neighborhood, there was hypothesis that itemizing CITs might violate SEC advertising and marketing rules.
Since CITs are solely accessible to certified retirement plans, such…