Exercise
Fill in the blank.
1. Dealers must set up a supervisory system to review incoming and outgoing _____ related to municipal securities activities between its Municipal Securities Representatives and the public.
2. Suitability information includes a customer’s _____, tax status, investment objectives, and any other information pertinent to making suitable recommendations on the customer’s behalf.
3. Dealers must obtain suitability information before making a _____ to the customer.
4. If a client refuses to provide suitability information, the dealer can still open an account for the client, but is limite