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 ...

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 ...

The new suitability and Know-Your-Customer rules will present FINRA with the opportunity to bring a variety of enforcement actions against both firms and registered representatives. The types of cases ...

Financial professionals who recommend clients buy a security or financial product are held to ethical standards that can be enforced by law. One such standard is known as the suitability rule, which ...

Today the Department of Labor (DOL) released new rules regarding retirement savings advice, but most investors don’t realize that there are two standards of care in the financial industry. The ...

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.

Financial professionals who recommend clients buy a security or financial product are held to ethical standards that can be enforced by law. One such standard is known as the suitability rule, which ...

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 ...

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 ...