FINRA Offers Guidance on FINRA Suitability Rule 2111

Stockbroker Law - Tuesday, February 26, 2013
FINRA Offers Guidance on FINRA Suitability Rule 2111

In Regulatory Notice 12-55, FINRA addressed a requirement of FINRA Rule 2111 (Suitability), that a broker-dealer or Registered Representative “have a reasonable basis to believe that a recommended transaction, or  involving a security or investment strategy involving a security or securities, is suitable for the customer” based upon the customer investment profile.  Since the implementation of Rule 2111, questions have arisen regarding the meaning of “customer” and “investment strategy.” 


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Deferred Variable Annuities and Client Suitability

Stockbroker Law - Saturday, February 23, 2013
Deferred Variable Annuities and Client Suitability

Deferred variable annuities are investment products which have features with both insurance  


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