Client Onboarding & Suitability17
SEC rules governing Regulation Best Interest obligations for retail customer recommendations, including care, disclosure, conflict of interest, and compliance requirements.
Requirements in this framework
- Account Approval and Principal Review
- Anti-Money Laundering Program
- Customer Identification Program
- Customer Profile Maintenance and Updates
- Customer-Specific Suitability
- Form CRS Delivery and Content
- Know Your Customer Obligation
- New Account Documentation
- Quantitative Suitability
- Reasonable-Basis Suitability
- Reg BI Care Obligation
- Reg BI Conflict of Interest Obligation
- Reg BI Disclosure Obligation
- Regulation Best Interest
- Senior Investor Protections
- Suitability of Recommendations
- Suspicious Activity Reporting