May 30th: Advice from FINRA on new suitability rule


(Reuters) - After nearly two years of waiting for a new suitability rule to take effect, brokers will finally be put to the test.

Brokers with a knack for record-keeping and doing the right thing for their customers are likely to make a smooth transition to complying with the Financial Industry Regulatory Authority's new rule, which takes effect on July 9.

But for those who fall short on those skills, now is the time to get your house in order.

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