The Securities and Exchange Commission (“Commission”) has observed an increase in the
number of entities and individuals issuing analyses or reports on investments in securities, and
offering or purporting to offer investment advisory services to the public. While the Commission welcomes such valuable initiatives that guide the public in making decisions on investment in securities, advice should only be obtained from licensed or exempted entities or individuals. The Public is advised against getting advice from unlicensed entities or individuals as these may not possess the requisite qualifications and experience thereby posing a great risk
to the investing public.