The Financial Industry Regulatory Authority has updated its guidance to clarify what the agency meant by customer and investment strategy in FINRA Rule 2111, also known as the Suitability Rule.
The Suitability Rules, which were approved by the Securities and Exchange Commission in November 2010 and went into effect June 9, 2012, outline the requirements that an advisor have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access