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2111. Suitability | FINRA.org
https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111
WebRule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. (a) The reasonable-basis obligation requires a member or associated person to have a reasonable basis to believe, based on reasonable diligence, that the recommendation is suitable for at least some investors.
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FINRA Rule 2111 (Suitability) FAQ | FINRA.org
https://www.finra.org/rules-guidance/key-topics/suitability/faq
WebThe following frequently asked questions (FAQs) provide guidance on FINRA Rule 2111 ( Suitability ). This document consolidates the questions and answers in Regulatory Notices 12-55, 12-25 and 11-25, organized by topic. New FAQs will be identified when added.
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Suitability | FINRA.org
https://www.finra.org/rules-guidance/key-topics/suitability
WebMar 12, 2020 · FINRA Rule 2111 governs general suitability obligations, while certain securities are covered under other rules that may contain additional requirements. FINRA Rule 2111 does not apply to recommendations subject to …
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Understanding FINRA Rule 2111: Suitability - SmartAsset
https://smartasset.com/financial-advisor/finra-rule-2111
WebSep 5, 2023 · Rule 2111 identifies the three main suitability obligations: reasonable basis, customer specific and quantitative suitability. Reasonable Basis Obligation. This means the broker has to have a reasonable basis to believe the recommendation might be suitable for at least some investors.
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Frequently Asked Questions about FINRA Rule 2111 Suitability
https://assets.contentstack.io/v3/assets/blt5775cc69c999c255/blt66b25dd86927427f/faq-finra-rule-2111-suitability.pdf
WebYes. Rule 2111 would cover a recommendation to purchase securities using margin or liquefied home equity or to engage in day trading, irrespective of whether the recommendation results in a transaction or references particular securities. Source: FINRA Rule 2111 (Suitability) FAQ, Q4.1.
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211. Suitability | FINRA.org
https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211
Web221. Communications with the Public ›. (a) A capital acquisition broker or an associated person of a capital acquisition broker must have a reasonable basis to believe that a recommended transaction or investment strategy (as defined in FINRA Rule 2111) involving a security or securities is suitable for the customer, based on the information ...
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Regulatory Notice 11-02 | FINRA.org
https://www.finra.org/rules-guidance/notices/11-02
WebJan 10, 2011 · New FINRA Rule 2111 generally is modeled after former NASD Rule 2310 (Suitability) and requires that a firm or associated person "have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the …
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Regulatory Notice 20-18 - FINRA.org
https://www.finra.org/sites/default/files/2020-06/Regulatory-Notice-20-18.pdf
WebFINRA Rule 2111 requires, in part, that a broker-dealer or associated person “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the firm or associated person to ascertain th...
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Understanding FINRA 2111 Suitability Rule | Definition
https://www.financestrategists.com/financial-advisor/finra-2111-suitability-rule/
WebAug 14, 2023 · The FINRA Suitability Rule was created in 2011 to address the growing number of reports that financial planners were steering their older clients into risky investments without regard to the client’s assets. FINRA knows this type of investing is bad for many reasons.
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Navigating the Co-Existence of Regulation Best Interest and FINRA Rule 2111
https://www.shearman.com/perspectives/2019/12/navigating-the-coexistence-of-regulation-best-interest-and-finra-rule-2111
WebDec 13, 2019 · Regulation BI and FINRA Rule 2111—Key Substantive Differences. Currently, there are a number of key substantive differences between the two frameworks. The table set forth below highlights certain of these differences. Regulation BI and FINRA Rule 2111—Applicability Differences.
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