Finra 2111 form pdf-2025

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  2. Begin by filling in the 'Institution Name' and its address, ensuring all details are accurate for compliance.
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In November 2010, the Securities and Exchange Commission (SEC) approved FINRA Rule 2111 (Suitability), which became effective on July 9, 2012. Regulatory Notice 12-55 - finra finra default files NoticeDocument finra default files NoticeDocument
FINRA Rule 2111 requires that a firm or associated person have a reasonable basis to believe a recommended transaction or investment strategy involving a security or securities is suitable for the customer. Suitability | FINRA.org finra rules-guidance key-topics sui finra rules-guidance key-topics sui
05 Components of Suitability Obligations. Rule G-19 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability.
FINRA Rule 2111 requires, in part, that a broker-dealer or associated person have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the [firm] or
FINRA stated that it did not propose to eliminate the suitability rule because it applies broadly to all recommendations to customers whereas Reg BI applies only to recommendations to retail customers, which Reg BI defines as a natural person, or the legal representative of such natural person, who receives a Notice - Federal Register Federal Register documents 2020/06/24 Federal Register documents 2020/06/24

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To provide clarity on which standard applies and to avoid unnecessary duplication, FINRA has amended Rule 2111 to state that it will not apply to recommendations subject to Reg BI. FINRA has also removed the element of control from the quantitative suitability obligation, a change that is consistent with Reg BI.

2111 form