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 ...

Investment advisors and other financial professionals must adhere to a certain standard of responsibility toward their clients. These standards may be defined as either suitability or fiduciary. Learn ...

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.

Finra has proposed a rule that would clarify when the current suitability standard for brokers will be superseded by a new broker advice rule set to be implemented this summer. On Thursday, the ...

The Mutual Fund Dealers Association of Canada (MFDA) has published a new research paper that aims to demystify the concept of suitability by surveying regulatory enforcement cases that have brought ...