This course focuses on the importance of suitability regarding institutional customers by concentrating on compliance and regulatory requirements governing Members in these areas. The expectations put forth under FINRA Rule 2310 are examined alongside the Association's interpretation in IM-2310-3. This course discusses Members' suitability obligations for 'reasonable basis' and 'customer-specific' transactions, methods to assess a customer's ability to independently evaluate risk and a Member's recommendation, and the Member's responsibility if it is determined that the customer is 'non-independent.'
Language: English
