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.