Statutes, codes, and regulations
Oregon Administrative Code
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 205 - DENIAL, SUSPENSION, OR REVOCATION OF LICENSE
Section 441-205-0140 - Suitability of Recommendations

Or. Admin. Code § 441-205-0140

Download
PDF
Current through Register Vol. 63, No. 10, October 1, 2024
Section 441-205-0140 - Suitability of Recommendations

It shall constitute a "Fraudulent, Deceptive, or Manipulative Act or Practice," as used in these rules, for any broker-dealer or associated person to recommend to a customer the purchase, sale, or exchange of any security, unless such broker-dealer or associated person shall have reasonable grounds to believe that the recommendation is suitable for such customer on the basis of information furnished by such customer after reasonable inquiry concerning the customer's investment objectives, financial situation and needs and any other information known by such broker-dealer or associated person.

Or. Admin. Code § 441-205-0140

CC 12, f. 7-12-73, ef. 9-1-73, Renumbered from 815-030-0205.2-13; CC 2-1981, f. & ef. 6-2-81; Renumbered from 815-030-0180

Stat. Auth.: ORS 59

Stats. Implemented: ORS 59.205(2)