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Increased Investment Risk Transparency: Mandatory Warnings for Investors.

This Act aims to enhance investor protection by requiring exchanges to clearly label companies where investors lack direct ownership interest and may have limited legal recourse. This means that if you invest in certain foreign entities (especially Chinese ones), you will receive explicit warnings about the lack of legal protection. Brokers and dealers will be required to inform you of this risk, helping you make more informed financial decisions.
Key points
National securities exchanges must clearly identify the symbols (tickers) of companies that are 'consolidated variable interest entities' (VIEs), particularly foreign ones, to warn investors.
Investors purchasing shares in these entities may lack direct equity ownership or legal recourse—the Act mandates that this risk be clearly communicated.
Brokers and dealers will be required to provide investors with warnings about the potential lack of legal recourse when investing in these high-risk entities.
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Expired
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Additional Information
Print number: 118_S_855
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2023-03-16
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TICKER Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_855.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-16.

What are the main provisions?

Key points include:

  • National securities exchanges must clearly identify the symbols (tickers) of companies that are 'consolidated variable interest entities' (VIEs), particularly foreign ones, to warn investors.
  • Investors purchasing shares in these entities may lack direct equity ownership or legal recourse—the Act mandates that this risk be clearly communicated.
  • Brokers and dealers will be required to provide investors with warnings about the potential lack of legal recourse when investing in these high-risk entities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Rick [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy