New 529 performance advertising rules in effect

On December 1, 2005, amendments to Municipal Securities Rulemaking Board Rule G-21 relating to the use of 529 college savings plan performance data in print and broadcast advertisements and other broker-dealer marketing materials became effective.The new requirements mandate that such performance data for 529 college savings plans must be calculated and presented in a consistent manner that will facilitate meaningful comparisons among different 529 college savings plans.In addition, broker-dealers that use 529 college savings plan performance data in their advertising and marketing materials must make available to the public performance data current as of the most recent month-end.These requirements mirror the performance data standards currently applicable to mutual fund advertising under the rules of the Securities and Exchange Commission.
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