The following frequently asked questions (FAQs) provide guidance on FINRA Rule 2111 (Suitability). This document consolidates the questions and answers in Regulatory Notices 12-55, 12-25 and 11-25, organized by topic.
hello, i invest regularly, daily, and am a private investor, to gain income and retirement income, i do not want limitations put on the system i use currently. i currently use leveraged and inverse systems/funds in my portfolio,, thank you for your consideration.
FINRA Rule 2330 (Members’ Responsibilities Regarding Deferred Variable Annuities) establishes sales practice standards regarding recommended purchases and exchanges of deferred variable annuities, including requiring a reasonable belief that the customer has been informed of the various features of annuities (such as surrender charges, potential tax penalties, various fees and costs, and market risk); and, prior to recommending the purchase or exchange of a deferred variable annuity, requiring reasonable efforts to determine the customer’s age, annual income, investment experience, investment objectives, investment time horizon, existing assets and risk tolerance.
FINRA provides real-time market trade information for Corporate and Agency bonds, Securitized Products (ABS, CMO, MBS, TBA) and Private Placement (144A) bonds including execution date and time, quantity, price, and yield as reported to TRACE (Trade Reporting And Compliance Engine). Since the bond market is less liquid than most markets for stocks, there may be no trade activity
For decades, Americans of all incomes have looked to the investment markets as an opportunity to build wealth and achieve goals such as putting their kids through college and retiring among other things. Over the years those opportunities have continued to increase with increasing levels of innovative offerings from simple stocks and bonds to mutual funds, ETF’s, IPO’s, dividends,
Dear Ms. Mitchell,I am the owner of a Registered Investment Advisory firm in Houston, Texas, with five employees and a registered representative of an unaffiliated FINRA member firm.My position is that rule 3290 in regulatory notice 25–05 would duplicate oversight, and the inefficiency is likely to create unnecessary complexity for RAA’s, unaffiliated Broker Dealers, and most importantly, valued
The US Government is already much too far reaching with its regulations. More and more and more are added every year. Stop interfering in everyone's lives with your over-regulatory zealousness! Stay out of private citizens business! You're not our mother!
This proposal is an example of the excessive paternalism and unwanted protection from all ills that we are seeing imposed on too many of our private actions and decisions. Please put your resources into fighting fraud rather than the legal behavior of sovereign citizens.
Summary
FINRA is adding two new Rule 4530 Problem Codes related to SEC Regulation Best Interest (Reg BI) and Form CRS, and making related amendments to the existing Rule 4530 Problem Code related to suitability. Starting on July 18, 2020, firms can use new Problem Code 16–Reg BI and new Problem Code 17–Form CRS, when applicable, to report customer complaint information and required documents
I believe any attempt to restrict/regulate this kind of investing is insulting and must be stopped. If Im old enough to earn the money I invest, I should remain completely free to invest it how ever I want. Keep the government out of my private financial decision making!
