Series 50: Suitability Of Recommendations Requirement

Taken from our Series 50 Online Guide

Suitability of Recommendations Requirement

When a municipal advisor recommends a course of action to a municipal client, it must reasonably believe that the action is suitable for the client.

If a third party recommends a course of action and the municipal advisor is asked to review that recommendation, the advisor must perform reasonable diligence to determine if the recommendation is suitable for the municipality.

Whether the municipal advisor is making the recommendation or reviewing the recommendation, it must also provide the following

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