{"data":{"id":"us/17-cfr-230.134a","jurisdiction":"us","citation":"17 CFR 230.134a","heading":"a Options material not deemed a prospectus.","body":"Written materials, including advertisements, relating to standardized options, as that term is defined in Rule 9b-1 under the Securities Exchange Act of 1934, shall not be deemed to be a prospectus for the purposes of section 2(10) of the Securities Act of 1933; Provided, That such materials are limited to explanatory information describing the general nature of the standardized options markets or one or more strategies; And, Provided further, That:\n(a) The potential risks related to options trading generally and to each strategy addressed are explained;\n(b) No past or projected performance figures, including annualized rates of return are used;\n(c) No recommendation to purchase or sell any option contract is made;\n(d) No specific security is identified, other than\n(1) An option or other security exempt from registration under the Act, or\n(2) An index option, including the component securities of the index; and\n(e) If there is a definitive options disclosure document, as defined in Rule 9b-1 under the Securities Exchange Act of 1934, the materials shall contain the name and address of a person or persons from whom a copy of such document may be obtained.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 230—GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"3e692bf8afcfd3384eda9182093fb2a7f40c996e0b63fe75d646c684a8818668","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-230.134","next":"us/17-cfr-230.134b"},"notice":"GroundRules: Original legal text. Not legal advice."}