FINRA's New Suitability Rule-Three Months Later

October 25, 2012

Presentation:  2012 NSCP National Meeting, October 23, 2012, Washington Hilton

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.



Legal Disclaimer:
No representation is made that the quality of services to be performed is greater than the quality of legal services performed by other lawyers.

Featured Attorneys

send article

TESTIMONIALS

  • “Graham Stieglitz and his firm are my go-to guys for bankruptcy related matters.”

    -Chambers 2012

  • “A very solid and very quiet lawyer, unassuming but good. He’s on my shortlist of people to send work to…"

    -Chambers 2012

  • “She’s got a good reputation.”

    -Chambers 2012

  • “I work with a lot of lawyers and he is as good as any of them. He is very smart and good at negotiating. He is incredibly responsive. He did a flawless job and got us a great outcome.”

    -Chambers 2012

  • “He’s probably the best attorney I know – an excellent attorney. He is one of the few that understands business – a deal maker not a deal breaker. He grasps very readily the picture of what’s going on and he is a quick observer. He’s a lawyer with an understanding of business – a bit of a psychologist who understands what makes people tick. He is quick and efficient. The billing is always reasonable. We are very happy with him.”

    -Chambers 2012