CPBD- Reg. BI Documentation Form for Client Recommendations Brad Callen Source/Author(s): Brad Callen

Source/Author(s): Brad Callen

The Broker-Dealer Written Supervisory Procedures Section on Standards of Conduct serves as an important part of a firm’s written supervisory procedures (WSPs) and overall compliance program in accordance with FINRA Rule 3110

The Checklist assists broker-dealers in documenting and testing the range and quality of execution services and whether the Firm used reasonable diligence to ascertain the best market for the subject security and buy or sell in such market so that the resultant price to the customer is as favorable as possible under prevailing market conditions

2/October 3

The Broker-Dealer Request to Open Account(s) at Other Broker-Dealers and Financial Institutions is a useful template to satisfy the initial request and notification requirement under FINRA Rule 3210 (Accounts At Other Broker-Dealers and Financial Institutions)

CPBD- Reg. BI Documentation Form for Client Recommendations Brad Callen Source/Author(s): Brad CallenCompliance with Regulation Best Interest (Reg. BI) continues to be a concern of regulators. The Reg. BI Documentation Form for Client Recommendations serves as an important tool to document what the broker dealers investment professional has reviewed or considered for account and product recommendations, including reasonably available alternatives. The form documents recommendation type (product or account related), account type (brokerage advisory),