Section 1. Delegation of Authority to Make Suitability Determinations and Required Rulemaking. (a) The Director of the Office of Personnel Management (OPM) is delegated the authority to make final ...

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

A large percentage of investor arbitration cases involve claims that an investment recommendation was unsuitable. I first wrote about the concept in July 2009 (See, "Suitability Claims.”) The concept ...

On February 13, 2020, the NAIC Executive Committee adopted revisions to the Suitability in Annuity Transactions Model Regulation (#275) (Revised Suitability Model), which incorporates a best interest ...

Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated history of working in both institutional and retail environments, from broker-dealers to ...

When FINRA first proposed changes to its broker suitability rules in 2010, industry commenters argued that the regulator should delay action. After all, it looked like a uniform standard of care for ...

Canadian securities, mutual fund and insurance regulators have deemed suitability to be a top priority. And that means if you’re a financial advisor in this country, all regulatory eyes are upon you.

This article looks at the enhanced suitability requirements of the client-focused reforms (CFRs). It’s the fourth in my series that explores aspects of the regulations that will have the greatest ...