Series 24: Suitability

Taken from our Series 24 Online Guide

Suitability

Recall that broker-dealers cannot open an account for a new customer until they have completed a suitability analysis based on the customer’s personal and investment profile. The broker-dealer must exert reasonable efforts to obtain this information. Not until a registered principal has approved the suitability analysis can the broker-dealer work up an investment strategy for the customer and

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