Important Changes to FINRA
By Kluger, Kaplan, Silverman, Katzen & Levine, P.L. 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” …