8 critical questions to prepare for FINRA suitability exams

October 15, 2013 by Melanie Waddell

More than a year after revamping its suitability rule, the Financial Industry Regulatory Authority has issued a study guide of sorts for broker-dealers (BDs) to help them prep for suitability exams.

Notice to Members 13-31 discusses issues that have cropped up during exams in the last year, with some of the infractions serious enough to be referred to enforcement. It highlights exam areas, common findings and effective practices when complying with the revised suitability rule, which became effective on July 9, 2012. Click here to read…

Originally Posted at LifeHealthPro on October 11, 2013 by Melanie Waddell.