investment advice and education

[kwaku101]

What is the name of your state (only U.S. law)? New York and Pennsylvania

I am running a program that attempts to educate and empower low income families on financial matters. One of the main topics that we touch on is 529 college savings plans. We explain the plan and investment options to the individual and if they choose to open an account, we assist them. We are not their investment advisor, nor do we charge any fees. We simply educate with the hopes that they will take action. From a regulatory standpoint, do I need to register with the SEC or make any disclosure to them or any other regulatory body?


Thanks,

 

[Hot Topic]

Go to the SEC's website at Investor.gov|from the U.S. Securities and Exchange Commission.

I'm sure the SEC will be interested in your background, i.e., what qualifies you to give out advice, and the "encouragement" you might be giving people to sign up for the 529 plan.

There's a red flag when someone starts a program like this without first checking to see if it will be considered "legit."