§ 13.5. Customer information.
65 words·~1 min read·
/us/cfr/t12/s§ 13.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Prior to the execution of a transaction recommended to a non-institutional customer, a bank that is a government securities broker or dealer shall make reasonable efforts to obtain information concerning:
(a)The customer's financial status;
(b)The customer's tax status;
(c)The customer's investment objectives; and
(d)Such other information used or considered to be reasonable by the bank in making recommendations to the customer.