Customer Suitability
No member firm or associated person may recommend to any customer the purchase or exchange of a deferred variable annuity unless it has a reasonable basis to believe that the transaction is suitable for that customer and that:
- • The customer has been fully informed of the annuity’s various features
- • The customer would benefit from certain of its features
These suitability determinations must be documented and signed by the associated person who recommends the transaction.
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