Securities recommendations are prohibited because GRA does not provide investment advice, securities advice, ratings, research recommendations, broker-dealer services, market analysis for trading, or fiduciary advice.
Participants must not recommend buying, selling, holding, subscribing to, investing in, avoiding, shorting, or otherwise transacting in securities or financial instruments during GRA meetings. They must not promote issuers, funds, tokens, bonds, equities, notes, private placements, derivatives, structured products, or securities-linked opportunities.
Capital Markets Nexus may discuss disclosure quality, market infrastructure resilience, systemic risk, climate and physical risk, cyber-physical dependencies, public-good evidence, and resilience finance-readiness. It must not become a securities promotion or recommendation forum.
Even indirect statements can be unsafe if they imply that a security, issuer, project, or fund is attractive, undervalued, investable, de-risked, approved, or recommended.
GRA discussions should remain at the level of systems, evidence, readiness, risk, governance, and claims discipline. Securities decisions belong to separate regulated processes.
