Frequently asked questions
Q.
Where is the line between what is and is not considered investment advice?
A.
Please refer to the following.
However, when actually providing products or services to customers, please conduct sufficient research on your own and determine the content you provide. Please note in advance that we assume no responsibility whatsoever for such content.
Examples of where the line falls for (advice that) violates the law
NG
1. Presenting an analysis of only two or fewer financial instruments
2. Expressions that guarantee or assert 100% profit
3. Expressions that instruct specific trades, such as "Buy at rate XX"
4. The reasoning behind the judgment is a black box and its content is unclear.
Example: Wishful forecasts citing financial results from the Japan Company Handbook (Kaisha Shikiho)
OK
1. Technical analysis in which anyone would reach the same judgment, AND which suggests multiple possibilities (up, sideways, down), is OK
2. Fundamental analysis based on objectively reasonable judgment, AND which suggests multiple possibilities (up, sideways, down), is OK
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