StacksVerified U.S. regulatory reference

17 CFR §230.134a

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Written materials, including advertisements, relating to standardized options, as that term is defined in Rule 9b-1 under the Securities Exchange Act of 1934, shall not be deemed to be a prospectus for the purposes of section 2(10) of the Securities Act of 1933; Provided, That such materials are limited to explanatory information describing the general nature of the standardized options markets or one or more strategies; And, Provided further, That:
  1. (a)The potential risks related to options trading generally and to each strategy addressed are explained;
  2. (b)No past or projected performance figures, including annualized rates of return are used;
  3. (c)No recommendation to purchase or sell any option contract is made;
  4. (d)No specific security is identified, other than
    1. (1)An option or other security exempt from registration under the Act, or
    2. (2)An index option, including the component securities of the index; and
  5. (e)If there is a definitive options disclosure document, as defined in Rule 9b-1 under the Securities Exchange Act of 1934, the materials shall contain the name and address of a person or persons from whom a copy of such document may be obtained.