Series 53: 3.1.1.1.1. Recommendations Defined For Suitability Purposes

3.1.1.1.1. Recommendations Defined for Suitability Purposes

Trade recommendations can be made in person, over the phone, or through online communications. Whether any given communication with a customer is a recommendation for purposes of the suitability rules is determined by the MSRB on a case-by-case basis after looking at the facts and circumstances. Note that the MSRB has made clear that recommendations made during an investment seminar and those made to a customer who contacted the dealer in response