*Letters

NASD Regulation, Inc. Suitability Obligations to Customers

Published on:
December 23, 1996

The Securities Industry Association (SIA)* provide comments to NASD Regulation, Inc. on a proposal to clarify the member firms’ suitability obligations to customers, Notice to Members (NTM) 96-60.  SIA believes that NTM 96-90 has failed in its purpose, and unintentionally obscured the nature of a member firm’s suitability obligations.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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