Phase III: Capstone

Session Description

Advanced Suitability

Instructor Mendelson conducts this session as a lesson in suitability "for modern times." He refreshes information for participants with regard to the suitability rule, reviewing elements and general principles of the rule.

 

After completing this session, you will be able to:

• Examine suitability requirements pertaining to the collection of customer data
• Discuss expectations regarding customers' capability to evaluate investment decisions
• Review the evolution of the Shingle Theory
• Compare and contrast the relationship between suitability and fiduciary duty
• Analyze examples of misapplied suitability analysis
• Outline rule applications and strategies concerning customer-specific suitability, product sales, customer protection, margin accounts, mutual fund switching, etc.

 

Instructor:
Robert Mendelson, Partner, Morgan, Lewis & Bockius LLP