Refers to the agent's legal responsibility under Securities and Exchange Commission requirements to determine, within reason, the suitability of a variable life product for a given prospect or client
The appropriateness of a particular security as an investment for a particular investor, taking into account the investor's financial capabilities and sophistication, tax status, investment objectives and other relevant considerations A security which seems appropriate for the investor in light of these factors is said to be "suitable," whereas one which does not seem appropriate (one which entails undue credit risk, for example, or matures sign)ficantly before or after a time when the investor expects to need the money) would be "unsuitable " Municipal securities representatives are required under MSRB rules to reach certain determinations about suitability before recommending particular investments or investment strategies to customers Reference: MSRB Rule G-l 9
A requirement that any investing strategy fall within the financial means and investment objectives of an investor or trader
A suitability violation occurs when and investment made by a broker is inconsistent with the investor's objectives, and the broker knows or should know the investment is inappropriate
A requirement that any investing strategy fall within the financial means and investment objectives of an investor
A determination made by a registered representative as to whether a particular security matches a customers objectives and financial capability The representative must have enough information about each customer in order to make this judgment
the quality of having the properties that are right for a specific purpose; "an important requirement is suitability for long trips"
The appropriateness of certain resource management to an area of land Suitability can be determined by environmental and economic analysis of management practices
the degree to which something or someone has the right qualities for a particular purpose suitability for