Missouri Secretary of State Jay Ashcroft announced the Office’s Securities Division has issued an advisory raising awareness of the risks associated with investments in opportunity zones, where new investments in economically distressed communities may be eligible for preferential tax treatment as part of the 2017 Tax Cuts and Jobs Act. Investors attracted to opportunity zone investments for the potential tax benefits and promise of return on investment should weigh various factors before deciding to invest. The advisory discusses how opportunity zone investments work, the risks investors should understand when considering opportunity zone investments, and steps investors can take to protect themselves. The. For more information on opportunity zones in Missouri, visit the Missouri Department of Economic Development’s website. Separately, the North American Securities Administrators Association (NASAA), of which the Missouri Securities Division is a member, and the U.S. Securities and Exchange Commission (SEC) recently issued a summary that explains the application of the federal and state securities laws to opportunity zone investments. The summary also provides an overview of the SEC and state requirements relating to qualified opportunity funds and their securities offerings, broker-dealer registration, and considerations for advisers to a qualified opportunity fund. The summary is available on the NASAA website here. Before making any financial decisions, ask questions, do your homework and contact Missouri Securities Division at www.missouriprotectsinvestors.com for more information.