OFR Reminds Regulated Firms of Customer Obligations and Investors About Risks of Stock Price Volatility

Tallahassee, Fla. – The Office of Financial Regulation (OFR) today called on firms and other regulated entities to ensure that investor protection obligations are being met during recent price volatility in shares of certain publicly traded companies. 

Commissioner Russell C. Weigel, III, said, “The Office of Financial Regulation is closely monitoring this developing situation and will examine actions by online brokerages and others to ensure that they are in compliance with their client obligations. In addition, we will work with fellow regulators to ensure that investor protection, fairness, and market transparency requirements are upheld in the public securities markets.”

The OFR also cautioned investors about the risks associated with investing in publicly traded companies that are experiencing volatility. “Investing in companies experiencing price volatility is risky and investors should understand their risk tolerance when considering such investments,” Commissioner Weigel said.

The OFR remains committed to protecting Florida’s financial services consumers, promoting a safe and sound financial marketplace, and contributing to the growth of Florida’s economy through fair, innovative, and excellent regulation of the financial services industry.