Important Changes to FINRA
By Kluger Kaplan September 24, 2012
By Bruce A. Katzen On July 9, the Financial Industry Regulatory Authority (FINRA) announced that two new rules have gone into effect – Rule 2090 – the so-called “Know Your Customer” rule and Rule 2111, the “suitability” rule. Rule 2090 heightens the requirement for financial advisors to know the “essential facts” …