December 27, 2012
What Investors Need to Know about Suitability
Ever wonder why your investment professional asks personal questions—like what's your age and financial situation? It’s because they’re obligated to learn about your “investment profile” so they can recommend an appropriate investment strategy or transaction for you.
This obligation is called “suitability.” It’s a fundamental FINRA requirement that brokerage firms and the people who work there deal fairly with all of their customers.
You should note that FINRA doesn’t require you to answer all of a firm’s or broker’s questions. But some firms do require you to provide certain information before they can give you any investment advice.
Read more about FINRA’s suitability rule.
5 Year-End Investment Tips
The end of the year is a good time to take stock of your investments and see if you need to make any changes. Read this alert from FINRA and the SEC for five tips for year-end investment planning.
FINRA Investor Education Foundation
Scams, Schemes and Swindles: A Research Review
New Smart Investing Website
Check out the Better Business Bureau and FINRA Foundation’s new BBB Smart Investing website. It’s designed to help consumers better protect and manage their money.
Video: How to Save for College
11/28/12 – FINRA and JSDA Sign Cooperation Agreement