Customer-Specific Suitability

Customer-Specific Suitability

Definition

A suitability obligation set forth in Financial Industry Regulatory Authority Rule 2111 that requires a broker to have a reasonable basis to believe that a recommended securities transaction or investment strategy is suitable for a particular customer based on the customer’s age, investment objectives, investment experience, financial situation, and needs.

Get full access FREE

With a 7-Day free trial membership
Here's why 747,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 7,900 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-Day free trial membership