Financial Advisors Legal Duties

Well financial advisors are under numerous procedural obligations for example suitability that it’s a statutory rule contained in the FINRA rules which means that before an investor makes a selection and investment the pitch to a client it has to be within the clients best interests it has to be an investment that is suitable for their income level their age and any other parameters their net worth and their adversity to risk for example and these are all factors that have to be taken into account before an investment selection can be pitched and made to a client that is suitability it’s a professional obligation of a broker to make sure that the investment is suitable.


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