StacksVerified U.S. regulatory reference

12 CFR §368.5

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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:
  1. (a)The customer's financial status;
  2. (b)The customer's tax status;
  3. (c)The customer's investment objectives; and
  4. (d)Such other information used or considered to be reasonable by such bank in making recommendations to the customer.