The Daily Blue Sky Reports are designed to create a single compliance platform addressing the needs of broker-dealers offering direct investments in multiple markets and jurisdictions. The reports cover the 50 states and include state-specific blue sky information* for more than 40 public non-traded REITs and BDCs active in the AI Insight system.
The Daily Blue Sky Report contains state-specific requirements, including:
• Net worth and income suitability requirements, including a special focus on states with heightened requirements;• Concentration limitations;• Limitations on participation in distribution reinvestment plan that reinvest distributions into subsequent affiliated programs;• Limitations on participation in automatic purchase plans.
Each of these areas can have different requirements depending on the state in which the direct investment is offered. The Daily Blue Sky Report aims to create the highest-possible level of transparency across a broker-dealer so the firms' compliance officers and advisors have a full picture of their clients' investments.
"The IPA is thrilled to be offering the Daily Blue Sky Report to IPA member firms to help them navigate the many complexities of state-by-state regulation," said Kevin M. Hogan, President and CEO of the
"AI Insight is pleased to be powering the IPA's
"The Net Worth and Suitability Standards filter within the comparative reports section is an excellent source for reps to qualify their clients," stated
* The states in which the program is effective is based upon information provided by the sponsor of each program. AI Insight has an automated process to proactively request updated information on an ongoing basis to maintain an accurate database. The state-specific requirements will not be shown on the report until AI Insight has received notification of the program being cleared in the respective state.
Additional report filters are available through www.aiinsight.com. To learn more about AI Insight's training and education on Alternative Investments contact firstname.lastname@example.org.
About AI Insight
AI Insight was formed in 2005 with the primary goal of providing the Alternative Investment industry insight and prospectus-based program education to broker dealers and their financial advisors through a secure and easy-to-navigate web-based platform. Through AI Insight, broker dealers and product sponsors are assured of an efficient process for introducing and monitoring new offerings within the Alternative Investment arena — all founded through regulatory-based directives. AI Insight's current database includes 95+ broker dealers housing anywhere from 15 to 6,000 advisors and 75+ subscribing Alternative Investment product sponsors.
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