Laying the foundation.
An important factor in sustaining the market's extraordinary growth is the issue of regulation. A number of states are in the process of passing legislation designed to further protect the consumers' rights in the secondary market. Specifically, these include the right to be informed about the opportunities presented by the market, the right to access the market and the right to privacy throughout the transaction. Such legislation is sending a clear message to financial advisors that secondary market offerings are more than a permanent feature of sound financial planning, they are now part of one’s fiduciary responsibility.
The market's growth is also drawing the attention of capital markets. The importance of this cannot be overstated. As the market expands, institutional backing provides the foundation of a secure funding source. In addition, it carries stringent requirements for security and confidentiality that offer unmatched protections for consumers.