Know Your Customer and Suitability and Best Interest Requirements

Overview

Suitable recommendations to investors have always required that registered representatives “know their customers.” In today’s financial world, it is equally important to know your customer and know your products to meet suitability and best interest requirements. This course provides an overview of the requirements that every registered representative know their customer and that all products, services, recommendations, and strategies are suitable for the client. 

Learning Objectives

Regulators often issue fines and sanctions for failing your obligation to know your customer and for recommending unsuitable products. This course will provide you with the tools to understand those obligations. Upon completion of this course, you should have:

  • an understanding of the know your customer rules
  • an understanding of suitability rules
  • and understanding of Regulation Best Interest
  • an understanding of the supervisory controls required to monitor compliance with these rules

Designed For

Retail representatives and principals

Find this course for your license:

License or Certification

Regulator

Type