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FINRA clarifies 'investment strategy' under suitability rules
By Melanie WaddellFINRA has clarified what the terms customer and investment strategy mean in its suitability rule, which became effective on July 9.
With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
FINRA has clarified what the terms customer and investment strategy mean in its suitability rule, which became effective on July 9.