The Financial Industry Regulatory Authority (FINRA) 2310 is a suitability rule that is no longer applicable and has been replaced by FINRA Rule 2111.
The rule states that when a financial representation recommends a purchase, sale or exchange of any security to an investor, a financial representative has acceptable grounds for believing the recommendation is suitable for such investors, based on the facts, if provided, disclosed by such investor.
The content channels expected to be in compliance include: email, instant messaging, social media, text/SMS, audio, video, website and blogs. The regulated regions are North America and the United States.
Consult the FINRA website for the full understanding of this rule.
For more compliance regulation rules, visit our Archiving Compliance Regulations & Supervision Rules page with all of the financial services regulations.
With more than 20 years of innovation under our belts, Erado is the nation’s first comprehensive archiving platform. We specialize in unified and compliance archiving and have developed a simplified user experience for our customers. Our patented technology archives more than 50 communication channels like email, social, mobile, web, apps and more.
* Erado assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for information on specific rules and regulations and how they apply to your business.