Wednesday, October 10, 2012

What does FINRA say about suitability?

For a deeper understanding of your new suitability requirements (after passing your exam, of course, and getting registered) please check out what FINRA has to say about the topic at http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123701.pdf

For example, aren't we all kind of curious to know the answer to this question?


Would a firm violate the suitability rule if it makes recommendations to customers
for whom it has not obtained all of the customer-specific information listed in FINRA
Rule 2111?

Studying for Series 7?

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