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WFN QUICK BRIEF · UNDER 1 MIN
The short version
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What the primary record establishes
FINRA Rule 2214 requires covered investment analysis tools to explain their criteria, method, limitations and key assumptions. Firms must explain that results can change between uses and over time. The rule also requires a disclosure about the hypothetical character of the results. FINRA Rule 2214 ↗
What the distinction changes
An investor can run the same contribution and horizon twice and see a lower chance of success after the tool updates its volatility input or eligible securities. Recording the model version, data date and settings helps reproduce the result.
What to check before drawing a conclusion
Where relevant the rule also calls for disclosure of the investments considered and how the tool selects or favors them. A report exported from the tool should carry the context needed to interpret its result as well.
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WFN STORY COMPASS
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Original WFN vector illustrationWFN · 6 November 2026
Editorial noteSource-based explanation with original WFN analysis. Historical records retain their dates; numerical examples are illustrative. The original vector illustration is conceptual and is not documentary evidence.
The linked source supports the documented record; WFN interpretation and illustrative examples are separate.
01 · VERIFIED RECORD
What the primary record establishes
FINRA Rule 2214 requires covered investment analysis tools to explain their criteria, method, limitations and key assumptions. Firms must explain that results can change between uses and over time. The rule also requires a disclosure about the hypothetical character of the results. FINRA Rule 2214 ↗
02 · WFN EDITORIAL ANALYSIS
What the distinction changes
An investor can run the same contribution and horizon twice and see a lower chance of success after the tool updates its volatility input or eligible securities. Recording the model version, data date and settings helps reproduce the result.
03 · REVIEW POINTS
What to check before drawing a conclusion
Where relevant the rule also calls for disclosure of the investments considered and how the tool selects or favors them. A report exported from the tool should carry the context needed to interpret its result as well.
