Customer-Specific Suitability

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Key Terms
C

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.

Related rules

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— Department of Enforcement v. Wall Street Strategies, Inc.

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