ADISA to Tackle New Federal Rules

CHICAGO—The last few years have seen the creation of more stringent rules for the financial world, and recent decisions by the US Securities and Exchange Commission and other regulatory agencies means that real estate investment trusts will soon have to change the way they do business.

The commission recently approved FINRA’s proposal that, starting next year, requires “general securities members to provide more accurate per share estimated values on customer account statements,” among other changes. Instead of simply using the offering price, typically $10 per share, as the per share estimated value during the offering period, statements will have to reflect both the various costs and fees incurred and if the underlying assets have decreased in value.