In an effort to improve investor education, U.S. regulators and the industry’s trade association released updated editions of a brochure about understanding brokerage account statements.

The Securities Industry and Financial Markets Association, the North American Securities Administrators Association Inc. and the Securities Investor Protection Corp. released updated editions of the guide, which provides investors with tips on analyzing their monthly statement, includes new content on fee based accounts, as well as answers to frequently asked questions, details on common features of most brokerage account statements, a step-by-step checklist on how to review them, and an extensive glossary of investment terms that investors may come across while reviewing their statements.

“SIFMA is committed to providing the highest quality educational resources for investors,” said SIFMA co-CEO Marc Lackritz. “We look forward to working with our colleagues at NASAA and SIPC on other initiatives that help investors be more informed, ask great questions, and better understand the fundamentals of how the markets work.”

“State securities regulators have an ongoing obligation to help all of our constituents develop the knowledge they need to make good personal financial decisions,” said Joseph Borg, NASAA president and director of the Alabama Securities Commission. “This joint effort with SIFMA and SIPC reflects our fundamental belief that financial education is the first and best defense against financial exploitation.”