Member Discount for all ISAR Programs at UAC 

SECTION G: FINANCIAL ASTROLOGY

G.1. DEFINITION

Astrologers, who, for profit or compensation, utilize astrology to advise or present an opinion on stocks, bonds, mutual funds, commodity futures contracts, or options are financial astrologers. This category also includes astrologers who present an opinion on any matters pertaining to financial planning and portfolio structuring. Financial astrologers demonstrate an understanding, knowledge of and proficiency in mar-ket movements through extended study. 

G.2. PROPER CREDENTIALS

a. Legal compliance

Financial astrologers must comply with the appropriate regulatory agencies of their state or country before giving advice for compensation on financial planning or portfolio structuring. It is up to the financial astrologer to know and to abide by applicable laws regarding registration and practice.

Financial astrologers must pass all exams on giving investment or trading advice as required by law in one's country of residence.

b. Opinions versus Recommendations

The financial astrologer who is not licensed by the proper securities regulatory agencies of his or her country must be very clear in stating that the advice given is an opinion only, and not a recommendation, to buy or sell a particular financial instrument.

G.3. ADVERTISING

a. Promotional Statements

All statements made by financial astrologers in promotional material are factually true. Astrologers document all claims and do not utilize promotional material that is likely to deceive or mislead. Likewise, financial astrologers do not omit facts if the omission would make the promotional material deceptive or misleading.

b. Profit and Loss

Statements concerning the possibility of profit must be accompanied by an equally prominent statement of the risk of loss.

c. Hypothetical Results

References to past hypothetical results that could have been achieved by employing some particular trading system or astrological software program must be accompanied by a disclaimer that past hypothetical results are no guarantee of future per-formance.

d. Actual Performance

Statements about past performance must be accurately portrayed.

e. Opinion Statements

Statements of opinion must be identified as such, and must have a reasonable basis in fact. For example, Financial Astrologers cannot claim that, "your investments will earn at a minimum annual rate of 20%." Such claims must be documented with empirical evidence. However, positive statements by others about the financial astrologer's results are permissible in advertising, providing that these statements are actual, were unsolicited by the finan-cial astrologer, and written permission was obtained.
 
f. Truth in Advertising

Financial astrologers do not make inflated claims when advertising their services or software. Claims of having "the best software program" or that one is "the best financial astrologer" are in violation of United States Federal regulations, and may violate regulations of other countries as well.

G.4. GIVING FINANCIAL ADVICE

a. Using Absolute Terminology
Clients are informed that it is impossible for astrology to be absolute about future events, such as what the market will do on any given date or time period.  Financial astrologers do not make astrological forecasts in absolute or inevitable terms, such as every, always, never, for certain, any, no one, or other such statements that imply definite, concrete outcomes. Instead financial astrologers utilize terms such as may, could, might, perhaps, and possibly, with efforts to ground these statements whenever possible in research studies.

b. Referrals
If financial astrologers lack the appropriate training or qualifications in a particular area, they refer their clients elsewhere.

G. 5. CLIENT SUITABILITY

Financial Astrologers do not give specific investment or trading advice to a client who may be unsuitable for making such investments or trades. The client's age, investment experience, trading experience, financial goals and objectives, annual income, net worth and available investment funds must be considered before giving investment advice. All relevant factors considered in making specific recommendations are disclosed to clients.