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FINRA Won’t Nix Suitability Rule in Light of Reg BI

FINRA plans to submit to its board shortly a rule proposal on sales contests and FINRA’s suitability rule “to conform them to Reg BI,” (Regulation Best Interest) its legal chief says.

By Melanie Waddell | October 21, 2019, at 11:48 AM | Source:

  1. Instead of eliminating the suitability rule, FINRA plans to submit a proposal that will allow the suitability rule to “conform them to Reg BI,” according to FINRA’s chief legal officer, Bob Colby.


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