Alabama Administrative Code
Title 830 - ALABAMA SECURITIES COMMISSION
Chapter 830-X-3 - REGISTRATION OF DEALERS, AGENTS, INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES
Section 830-X-3-.12 - Suitability Of Recommendations
Universal Citation: AL Admin Code R 830-X-3-.12
Current through Register Vol. 42, No. 5, February 29, 2024
Every dealer, investment adviser and every associated person thereof who recommends to a customer the purchase, sale or exchange of any security shall have reasonable grounds to believe and shall believe that the recommendation is suitable for such customer on the basis of information furnished by such customer after reasonable inquiry concerning the customer's investment objectives, financial situation and needs, and any other information known by such dealer, investment adviser or associated person thereof.
Author:
Formerly Rule No. 830-X-3-.10.
Statutory Authority: Code of Ala. 1975, § 8-6-23.
Disclaimer: These regulations may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
