{ "node": "us-cm-kg", "door": "https://mcp.us-cm-kg.ai", "market": "us", "jurisdiction_namespace": "us-eco-10060", "chapter": "us.chapter.v16", "source": "Book of Markets mirror (allooloocmkgapex/book), read at request time", "kind": "book-section", "family": "AIO", "version": "us.aio.v7", "supersedes": "us.aio.v6", "book_path": "us/sections/us.aio.v7.json", "book_sha256": "sha256:9478dac660eca34662df3ad8aed864770940b701b609b42dabc06be8b1df1b72", "section": { "section_id": "book:us:aio", "family": "AIO", "schema": "SM-ECO-10060 canonical text v1.0 (2026-10-30) · chapter schema v0.1 (unratified) · Appendix C", "schema_version": "Appendix C 0.2 (TMKT-01: manufacturer_evidence_accepted)", "version": "us.aio.v7", "supersedes": "us.aio.v6", "market": "us", "node": "us-cm-kg", "produced_at": "2026-11-01T20:03:11Z", "observed": { "earliest_read": "2026-10-31T01:50:42Z", "latest_read": "2026-11-01T19:57:58Z" }, "fields": [ { "name": "duty_revision_ref", "value": "not_found", "read_at": "2026-10-31T01:50:42Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/key-topics/Suitability", "https://www.finra.org/rules-guidance/key-topics/suitability", "https://www.finra.org/rules-guidance/notices/20-18", "https://www.finra.org/rules-guidance/notices/17-32" ], "conflict": { "values": [ { "value": "FINRA Rule 2111 (Suitability), as amended by SR-FINRA-2020-007 eff. June 30, 2020", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "quote": "Amended by SR-FINRA-2020-007 eff. June 30, 2020.", "source_date": "June 30, 2020" } ], "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the amendment (SR-FINRA-2020-007 effective June 30, 2020) but does not explicitly state the full claimed value (\"FINRA Rule 2111 (Suitability), as amended...\"). It only r", "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)" } }, { "name": "product_scope", "value": [ { "instrument_class": "security or securities", "rule": "FINRA Rule 2111(a)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "eff. June 30, 2020", "read_at": "2026-10-31T22:33:14Z" }, { "instrument_class": "investment strategy involving a security or securities", "rule": "FINRA Rule 2111, Supplementary Material .03", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "instrument_class": "Volatility-linked exchange-traded products (ETPs)", "rule": "Regulatory Notice 17-32; FINRA Rule 2111", "source_url": "https://www.finra.org/rules-guidance/notices/17-32", "source_date": "October 16, 2017", "read_at": "2026-10-31T18:42:55Z" } ], "read_at": "2026-10-31T22:33:22Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/notices/17-32", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/notices/20-18" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "eff. June 30, 2020" }, { "name": "client_categories", "value": "not_found", "read_at": "2026-10-31T20:08:50Z", "pages_checked": [ "https://www.finra.org/rules-guidance/notices/20-18", "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/notices/17-32" ], "conflict": { "values": [ { "object": { "identifier": "retail customer", "criteria": "a natural person, or the legal representative of such natural person, who receives a recommendation of any securities transaction or investment strategy involving securities from a broker-dealer and uses the recommendation primarily for personal, family, or household purposes", "rule": "17 CFR 240.15l-1(b)(1)" }, "source_url": "https://www.finra.org/rules-guidance/notices/20-18", "quote": "Reg BI defines as a natural person, or the legal representative of such natural person, who receives a recommendation of any securities transaction or investment strategy involving securities from a broker-dealer and uses the recommendation primarily for personal, family, or household purposes.", "source_date": "June 19, 2020", "reason": "review UNSUPPORTED: SUPPORTED, The page excerpt directly quotes the definition of \"retail customer\" from **17 CFR 240.15l-1(b)(1)**, matching the claimed value verbatim." }, { "object": { "identifier": "institutional account", "criteria": "", "rule": "Rule 4512 (c)" }, "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "quote": "A member or associated person fulfills the customer-specific suitability obligation for an institutional account, as defined in Rule 4512 (c), if", "source_date": "June 30, 2020", "reason": "unstructured: required key(s) ['criteria'] not stated" }, { "object": { "identifier": "customer", "criteria": "excludes a \"broker or dealer\"", "rule": "FINRA Rule 0160" }, "source_url": "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "quote": "FINRA's definition of a customer in FINRA Rule 0160 excludes a \"broker or dealer.\"", "source_date": null, "reason": "verified but undated: the source bears no date (order: source_date or not_found)" }, { "value": [ { "identifier": "retail customers", "criteria": "a natural person, or the legal representative of such natural person, who receives a recommendation of any securities transaction or investment strategy involving securities from a broker-dealer and uses the recommendation primarily for personal, family, or household purposes", "rule": "17 CFR 240.15l-1(b)(1)", "source_url": "https://www.finra.org/rules-guidance/notices/20-18", "source_date": "June 19, 2020", "read_at": "2026-10-31T18:42:55Z" } ], "source_url": "https://www.finra.org/rules-guidance/notices/20-18", "source_date": "June 19, 2020", "superseded": "not read from this market's securities client-classification provisions (the securities statute or the securities regulator's rules that classify investors or clients) (BOOK-05)" } ], "reason": "no object verified", "selection_rule": "none — unresolved" } }, { "name": "target_market", "value": "not_found", "read_at": "2026-10-31T02:26:49Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/key-topics/Suitability", "https://www.finra.org/rules-guidance/key-topics/suitability", "https://www.finra.org/rules-guidance/notices/20-18", "https://www.finra.org/rules-guidance/notices/17-32" ] }, { "name": "negative_target_market", "value": [ { "exclusion": "retail investors, particularly those who plan to use them as traditional buy-and-hold investments", "applies_to": "volatility-linked ETPs", "rule": "Regulatory Notice 17-32", "source_url": "https://www.finra.org/rules-guidance/notices/17-32", "source_date": "October 16, 2017", "read_at": "2026-10-31T18:42:55Z" } ], "read_at": "2026-10-31T18:44:27Z", "pages_checked": [ "https://www.finra.org/rules-guidance/notices/17-32", "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/notices/20-18" ], "source_url": "https://www.finra.org/rules-guidance/notices/17-32", "source_date": "October 16, 2017", "conflict": { "values": [ { "object": { "exclusion": "broker or dealer", "applies_to": "customer", "rule": "FINRA Rule 0160" }, "source_url": "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "quote": "FINRA's definition of a customer in FINRA Rule 0160 excludes a \"broker or dealer.\"", "source_date": null, "reason": "verified but undated: the source bears no date (order: source_date or not_found)" } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "distribution_conditions", "value": [ { "condition": "reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer", "party": "A member or an associated person", "rule": "Rule 2111(a)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" }, { "condition": "sufficient information about the customer to have a reasonable basis to believe that the recommendation is suitable for that customer", "party": "member or associated person", "rule": "Supplementary Material .04", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" }, { "condition": "customer-specific suitability obligation for an institutional account, as defined in Rule 4512 (c)", "party": "member or associated person; institutional customer", "discharged_by": "the institutional customer affirmatively indicates that it is exercising independent judgment in evaluating the member's or associated person's recommendations", "rule": "Rule 2111(b); Supplementary Material .07", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" }, { "condition": "cannot disclaim any responsibilities under the suitability rule", "party": "A member or associated person", "rule": "Supplementary Material .02", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" } ], "read_at": "2026-10-31T20:08:51Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/notices/17-32", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/notices/20-18" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "conflict": { "values": [ { "object": { "condition": "reasonable basis to believe that the customer has the financial ability to meet such a commitment", "party": "member or associated person", "discharged_by": "", "rule": "Supplementary Material .06" }, "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "quote": "unless the member or associated person has a reasonable basis to believe that the customer has the financial ability to meet such a commitment", "source_date": "June 30, 2020", "reason": "review PARTIAL: PARTIAL\n\nThe excerpt references a \"reasonable basis to believe\" standard in the context of suitability obligations (e.g., customer-specific suitability under Rule 2111), but the claimed value specific" } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "required_assessments", "value": [ { "assessment": "reasonable-basis suitability", "trigger": "the recommendation", "party": "member or associated person", "rule": "Supplementary Material .05(a)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" }, { "assessment": "customer-specific suitability", "trigger": "the recommendation", "party": "member or associated person", "rule": "Supplementary Material .05(b)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" }, { "assessment": "quantitative suitability", "trigger": "a series of recommended transactions", "party": "member or associated person", "rule": "Supplementary Material .05(c)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" }, { "assessment": "institutional customer is capable of evaluating investment risks independently", "trigger": "institutional account, as defined in Rule 4512 (c)", "party": "member or associated person", "rule": "Rule 2111(b)(1)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T20:08:07Z" } ], "read_at": "2026-10-31T20:08:57Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/notices/17-32", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/notices/20-18" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "conflict": { "values": [ { "object": { "assessment": "reasonable diligence to obtain and analyze all of the factors delineated in Rule 2111(a)", "trigger": "", "party": "member or associated person", "discharged_by": "a reasonable basis to believe, documented with specificity, that one or more of the factors are not relevant components of a customer's investment profile", "rule": "Supplementary Material .04" }, "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "quote": "unless the member or associated person has a reasonable basis to believe, documented with specificity, that one or more of the factors are not relevant components of a customer's investment profile", "source_date": "June 30, 2020", "reason": "unstructured: required key(s) ['trigger'] not stated" } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "product_documentation", "value": "not_found", "read_at": "2026-10-31T18:44:42Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/key-topics/suitability" ] }, { "name": "manufacturer_distributor_roles", "value": [ { "actor": "member or an associated person", "role": "must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer", "rule": "FINRA Rule 2111(a)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "actor": "capital acquisition broker or an associated person of a capital acquisition broker", "role": "must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer", "rule": "Capital Acquisition Broker Rule 211(a)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "actor": "agent, such as an investment adviser or a bank trust department", "role": "institutional-customer exemption factors applied to the agent where decisionmaking authority is delegated", "rule": "FINRA Rule 2111(b)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" } ], "read_at": "2026-10-31T18:44:42Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/key-topics/suitability" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020" }, { "name": "review_triggers", "value": [ { "event": "series of recommended transactions", "period_or_condition": "not excessive and unsuitable for the customer when taken together in light of the customer's investment profile", "party": "member or associated person", "rule": "Rule 2111 Supplementary Material .05(c)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" } ], "read_at": "2026-10-31T18:44:45Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/key-topics/suitability" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "conflict": { "values": [ { "object": { "event": "recommendation", "period_or_condition": "based on the facts and circumstances of a particular case", "party": "broker", "rule": "FINRA Rule 2111" }, "source_url": "https://www.finra.org/rules-guidance/key-topics/suitability", "quote": "A broker’s “recommendation,” which is based on the facts and circumstances of a particular case, is the triggering event for application of the rule.", "source_date": null, "reason": "verified but undated: the source bears no date (order: source_date or not_found)" }, { "object": { "event": "new recommendations to customers", "period_or_condition": "regardless of whether they are new or existing customers", "party": "broker-dealer", "rule": "Rule 2111" }, "source_url": "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "quote": "a broker-dealer could choose to seek to obtain and analyze the customer-specific factors listed in Rule 2111 when it makes new recommendations to customers (regardless of whether they are new or existing customers)", "source_date": null, "reason": "verified but undated: the source bears no date (order: source_date or not_found)" }, { "object": { "event": "implicit recommendations", "period_or_condition": "brokers who effect transactions on a customer's behalf without informing the customer", "party": "brokers", "rule": "suitability rule" }, "source_url": "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "quote": "brokers who effect transactions on a customer's behalf without informing the customer have implicitly recommended those transactions, thereby triggering application of the suitability rule.", "source_date": null, "reason": "verified but undated: the source bears no date (order: source_date or not_found)" } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "evidence_requirements", "value": [ { "requirement": "reasonable basis to believe, documented with specificity, that one or more of the factors are not relevant components of a customer's investment profile", "applies_to": "relief from obligation to obtain and analyze all factors delineated in Rule 2111(a)" } ], "read_at": "2026-10-31T01:50:42Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/key-topics/suitability", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.sec.gov/rules/sro/finra/2010/34-62718-ex5.pdf", "https://www.sec.gov/rules/sro/finra/2010/34-62718-ex2a.pdf", "https://www.finra.org/rules-guidance/notices/13-31", "https://www.sec.gov/files/rules/sro/finra/2010/34-62718-ex5.pdf", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/notices/11-02" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020" }, { "name": "manufacturer_evidence_accepted", "read_at": "2026-11-01T19:57:58Z", "pages_checked": [ "https://www.ecfr.gov/current/title-17/section-240.15l-1", "https://www.ecfr.gov/current/title-17/chapter-II/part-240/subject-group-ECFR6e5fd2b4b6dc6b7/section-240.15l-1", "https://www.govinfo.gov/content/pkg/CFR-2025-title17-vol4/xml/CFR-2025-title17-vol4-sec240-15l-1.xml", "https://www.sec.gov/rules-regulations/staff-guidance/trading-markets-frequently-asked-questions/faq-regulation-best", "https://www.sec.gov/regulation-best-interest", "https://www.govinfo.gov/content/pkg/CFR-2025-title17-vol4/pdf/CFR-2025-title17-vol4-sec240-15l-1.pdf", "http://ecfr.gov/current/title-17/chapter-II/part-240/subject-group-ECFR64f52d737aea1ed" ], "value": "not_found" }, { "name": "exceptions", "value": [ { "exception": "Institutional Investor Exemption", "condition": "institutional customer is capable of evaluating investment risks independently and affirmatively indicates that it is exercising independent judgment", "provision": "Rule 2111(b); Supplementary Material .07", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "Regulation Best Interest", "condition": "recommendations subject to SEA Rule 15l-1", "provision": "Rule 2111 Supplementary Material .08", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "General financial and investment information", "condition": "as long as they do not include a recommendation of a particular security or securities", "provision": "Rule 2111 Supplementary Material .03(a)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "Descriptive information about an employer-sponsored retirement or benefit plan", "condition": "as long as they do not include a recommendation of a particular security or securities", "provision": "Rule 2111 Supplementary Material .03(b)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "Interactive investment materials that incorporate the above", "condition": "as long as they do not include a recommendation of a particular security or securities", "provision": "Rule 2111 Supplementary Material .03(d)", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "factors not relevant components of a customer's investment profile", "condition": "reasonable basis to believe, documented with specificity", "provision": "Rule 2111 Supplementary Material .04", "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "Institutional Investor Exemption", "condition": "institutional investor is capable of evaluating investment risks independently and affirmatively indicates that it is exercising independent judgment", "provision": "Capital Acquisition Broker Rule 211(b); Supplementary Material .02", "source_url": "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" }, { "exception": "Regulation Best Interest", "condition": "recommendations subject to SEA Rule 15l-1", "provision": "Capital Acquisition Broker Rule 211 Supplementary Material .03", "source_url": "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "source_date": "June 30, 2020", "read_at": "2026-10-31T18:42:55Z" } ], "read_at": "2026-10-31T18:44:48Z", "pages_checked": [ "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "https://www.finra.org/rules-guidance/rulebooks/capital-acquisition-broker-rules/211", "https://www.finra.org/rules-guidance/rulebooks/recently-approved-rule-changes-pending-determination-effective-date/2111", "https://www.finra.org/rules-guidance/key-topics/suitability/faq", "https://www.finra.org/rules-guidance/key-topics/suitability" ], "source_url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/2111", "source_date": "June 30, 2020", "conflict": { "values": [ { 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Suitability", "provenance": "Adopted by SR-FINRA-2010-039 and amended by SR-FINRA-2011-016 and SR-FINRA-2012-027 eff. 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