Series 51: Suitability

Taken from our Series 51 Online Guide

Suitability

Prior to recommending any transaction to an institutional customer, a dealer must exert “best 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 is necessary to be able to recommend suitable transactions to a particular client. Ba

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