Suitability rules

Suitability rules,

Definition of Suitability rules:

  1. Self-imposed guidelines for fair investment advisory practices. Advisors, brokers, and dealers are expected to ensure that the client has the means (high enough net worth with adequate liquid assets) to assume the particular financial risk, and that he or she would not be ruined or grievously hurt if the investment sum is lost.

Meaning of Suitability rules & Suitability rules Definition