Series 52: Reasonable-basis Suitability Obligation

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Reasonable-basis Suitability Obligation...

the suitability obligation of a broker-dealer to fully comprehend the liabilities and risks of a security or investment strategy and decide whether or not it is advisable for at least some customers.

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Solomon Exam Prep Study Materials for the Series 52
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