As the implementation date for the SEC’s Regulation Best Interest approaches, FINRA is taking steps to amend the language in its own rules on suitability to make them better align with the SEC's ...

The time has finally arrived. FINRA’s new suitability and know-your-customer rules take effect today. Rule 2111 expands broker-dealer suitability obligations in three important ways. First, the ...

Financial professionals who recommend clients buy a security or financial product are held to ethical standards that can be enforced by law. One such standard is known as the suitability rule, which ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Finra issued warnings to broker-dealers about a host of bad behaviors it has found during its examinations of firms this year. The Financial Industry Regulatory Authority issued the report on ...

Finra chief Richard Ketchum's call for a fiduciary standard for all advisers, even as he indicated that he would not want to significantly alter suitability rules for broker-dealers, highlights the ...

Fears of increased paperwork and disclosures related to Finra's variable annuity suitability rule have been realized, with many firms reporting that they are still overburdened by hair-splitting ...

To get a better idea of what is required under FINRA's new suitability rule, Rule 2111, which went into effect on July 9, 2012, your best bet is to read Notice to Members 12-25. The notice not only ...

When the Securities and Exchange Commission finalizes its standards-of-conduct package, the Financial Industry Regulatory Authority will re-examine its suitability rule for broker-dealers, Robert ...

The European Securities and Markets Authority (ESMA) is launching a review of the effects of rule changes that aim to integrate sustainability considerations into suitability assessments and product ...