Broker-Dealer Compliance

On July 9, 2012, FINRA Suitability Rule 2111 took effect. This update of Rule 2310 added a formal quantitative suitability criteria.

Accelerant has developed a statistical technique for analyzing customer accounts for quantitative suitability. It is designed to generate red flags when certain account traits exceed defined thresholds. Instead of setting these thresholds at fixed levels, our product sets them from a predictive algorithm based on our analysis of accounts that have received complaints and been involved in litigation in the past.

The Broker-Dealer is then empowered to address these accounts proactively, before complaints or litigations ensue.

If you would like to be notified when this product launches, please click on the link above.


Broker-Dealer Compliance Experts

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Posted on July 30, 2012 in Securities and Regulation

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