Regulations & ConductPregunta 125 de 125
A firm's written supervisory procedures and designation of principals are intended to:
a.Eliminate the need for compliance
b.Increase commissions
c.Ensure the firm supervises its associated persons and business for compliance with securities laws and rules
d.Replace customer suitability obligations
Explicación
FINRA rules require firms to establish and maintain a supervisory system, including written supervisory procedures and qualified principals, reasonably designed to achieve compliance with applicable securities laws and rules. Effective supervision helps detect and prevent violations such as unsuitable recommendations, unauthorized trading, and churning.
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