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FINRA Clarifies Definitions of ‘Customer’ and ‘Investment Strategy’

The Financial Industry Regulatory Authority (Finra) has clarified definitions of the terms “customer” and “investment strategy,” according to AdvisorOne.com.

Among other clarifications, Finra says suitability requirements do not apply when a broker-dealer or rep recommends an investment to a prospect that subsequently becomes a client.

 

Read the full article from AdvisorOne.com.

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