Industry Issues

Suitability

This webpage consolidates selective information and resources regarding FINRA's suitability requirements.

General Suitability Rule

Product-Specific Suitability Rules

FINRA Rule 2310(b)(2) (Direct Participation Programs – Suitability)
FINRA Rule 2330 (Members' Responsibilities Regarding Deferred Variable Annuities)
FINRA Rule 2353 (Trading in Index Warrants, Currency Index Warrants, and Currency Warrants – Suitability)
FINRA Rule 2360(b)(19) (Options – Suitability)
FINRA Rule 2370(b)(19) (Security Futures – Suitability)

Guidance

Frequently Asked Questions (FAQ)
FINRA Rule 2111 (Suitability) FAQ (Word 100 KB)

Regulatory Notice 11-25
Know Your Customer and Suitability

Regulatory Notice 11-02
Know Your Customer and Suitability

Notice to Members 05-50
Equity-Indexed Annuities

Notice to Members 04-30
Sales Practice Obligations in Sale of Bonds and Bond Funds

Notice to Members 03-07
Obligations When Selling Hedge Funds

For Your Information (March 1997)
Clarification of Notice to Members 96-60

Notice to Members 96-32
Members Reminded to Use Best Practices When Dealing in Speculative Securities

Selective Interpretive Letters
- 3/4/97 Interpretive Letter to Name Not Public
- 1/23/97 Interpretive Letter to Stuart J. Kaswell, SIA

Tools and Resources

Contacts

Questions regarding the suitability rule may be directed to:

James S. Wrona, Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8270; or
Matthew E. Vitek, Assistant General Counsel, OGC, at (202) 728-8156.