OUR THOUGHTS ON:

SEC Looking Closely at Collect Investment Trust (CIF) Investments

Wealth Management

By Karl Kunkle

The SEC has announced that it is taking a close look at collect investment trust (CIF) investments as they are not subject to SEC regulation.  The SEC feels that the increase in assets of CIFs to over a trillion dollars may be the result of a regulatory end run. If you have questions or concerns regarding CIFs, contact a SDWMA advisor.

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This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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