Burr & Forman

10.25.2012   |   Articles

FINRA’s New Suitability Rule-Three Months Later

FINRA Suitability Rules NSCP National 2012

Rules that became effective on July 9, 2012.

2090 Know Your Customer (former NYSE R. 405):

(former NYSE R. 405):

Reasonable diligence, Essential facts, and Authority to act

2111 Suitability (former NASD R. 2310):

(former NASD R. 2310):

Reasonable basis,  Recommended transaction or investment strategy, Suitable, Investment Profile, and Institutional Accounts.


Related Attorneys