Unit 2: Suitability Flashcards
1
Q
Reasonable Basis
A
Recommendation suitable for SOME investors
Risk and Reward understanding required
2
Q
Quantitative
A
Recommendations considered TOGETHER
No single test, not black/white
3
Q
Customer Specific
A
Recommendation for a specific customer needs to be suitable for that customer
4
Q
Regulation Best Interest (Reg BI)
A
best interest standard for recommendations for retail customers
5
Q
Form CRS
A
clients learn about BD or advisor
delivered at account opening
