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How Much Information do Reps Need to Get for New Accounts?

November 18, 2020

Foreside’s Alan Foxman, Managing Director, shares his insight with Financial Planning’s readers on how much information reps need to get for new accounts and what is required under FINRA Rule 2111.

To complicate things a bit more, recently adopted Regulation Best Interest has required some modification to the general suitability rule.

Learn more about why Alan recommends that rather than trying to delineate ahead of time what information you think isn’t necessary, it’s better to obtain more information upfront so you will have it if and when you need it, here.