FINRA’s Suitability Rule and the Institutional Investor

On behalf of MihalekLaw posted in Securities Law on Monday, November 24, 2014. FINRA (Financial Industry Regulatory Authority) has adopted rules geared to protect retail investors, such as the Suitability Rule (FINRA Rule 2111). The Suitability Rule provides that a firm or its registered representatives must have a reasonable basis to believe that a recommended transaction or investment strategy […]