MLchartDataset catalogue

Suitability Rule

Term · Law · MLC-T-LAW-004766

A regulatory standard requiring financial professionals, such as brokers and investment advisors, to recommend only those investments that are appropriate for a client's financial situation, investment objectives, and risk tolerance. This rule aims to protect investors from being placed into unsuitable products. The Financial Industry Regulatory Authority (FINRA) enforces suitability rules for broker-dealers.

Table 1. Record
IdentifierMLC-T-LAW-004766
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004766",
  "term": "Suitability Rule",
  "field": "Law",
  "definition": "A regulatory standard requiring financial professionals, such as brokers and investment advisors, to recommend only those investments that are appropriate for a client's financial situation, investment objectives, and risk tolerance. This rule aims to protect investors from being placed into unsuitable products. The Financial Industry Regulatory Authority (FINRA) enforces suitability rules for broker-dealers.",
  "url": "https://mlchart.com/terminology/law/suitability-rule/"
}

Record 4,862 of 5,439 in Law terminology (MLC-0107). Request the full dataset.