Series 53: Suitability Information Requirements

Taken from our Series 53 Online Guide

Suitability Information Requirements

Prior to recommending any transaction to a retail customer, a dealer must exert “reasonable efforts” to obtain information concerning the customer’s financial status, tax status, investment objectives, and any other information pertinent to making suitable recommendations on the customer’s behalf. This is generally referred to as suitability information, meaning the information that is necessary to be able to recommend suitable transactions to a particula

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