Purpose – The purpose of this paper is to explain two new FINRA rules: Rule 2090 (Know Your Customer) and Rule 2111 (Suitability). Design/methodology/approach – The paper explains the two rules, the expanded requirements in the new suitability rule, and an expansion in the list of ...
FINRA Rule 2090(“Know Your Customer”) requires member firms and their associated persons to “use reasonable diligence” to determine the “essential facts” about every customer and “the authority of each person acting on behalf of such customer.” FINRA Rule 2090.01(c) further defines “esse...
Purpose – The purpose of this paper is to explain two new FINRA rules: Rule 2090 (Know Your Customer) and Rule 2111 (Suitability). Design/methodology/appr... S Lawrence Polk,A Stadler - 《Journal of Investment Compliance》 被引量: 1发表: 2011年 FINRA issues proposed rules on securities ...