Giffin analyze the assertion by the Financial Industry Regulatory Authority (FINRA) that its suitability rule
implicitly requires a broker-dealers recommendations to be consistent with customers best interests.
The DFS recently issued its own suitability rule
for those selling annuities and life insurance products.
* Strengthening investor-protection requirements in FINRA's suitability rule
Monzon said they have added a suitability rule
on people running the company before approving the company's application for initial public offering (IPO).
He said the PSE had informed the company in a letter on March 13, 2017 that the case filed by the government against the LBC Group 'raised serious concerns with regard to LBC's compliance with the PSE Suitability Rule
* Updated suitability section based on new suitability rule
and its application
We wouldn't have gotten the Harkin Amendment if we didn't have the suitability rule
Applicability of the Suitability Rule
The new suitability rule
could be stretched far enough to apply to this communication, though that would be an unrealistic and harsh standard for an impromptu and very preliminary marketing pitch.
In connection with its continuing process of reconciling regulations as part of the FINRA consolidated rulebook, FINRA had proposed changes to FINRA Rule 2090, the know your customer rule, and Rule 2111, the suitability rule
. In late August 2010, the final proposed rules were published for comment and the comment period closed last month.
It called the broker-dealer standard of care under the Financial Industry Regulatory Authority's suitability rule
"ineffective in protecting investors receiving personalized investment advice because it leaves substantial gaps in coverage when compared to the fiduciary standard applicable to investment advisers."
Each suitability rule
created by the user belongs to a specific land-use type.