3302. Know‐​Your‐​Product

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    1. An Approved Person of a Dealer Member must not purchase or sell securities for, or recommend securities to, a client unless the Approved Person takes steps to understand the securities, including the securities’ structure, features, risks, initial and ongoing costs and the impact of those costs.
    2. For purposes of subsection 3302(1), the steps required to understand the security are those that are reasonable to enable the Approved Person to meet their obligations under Rule 3400.

    There is no history log for this rule.

    There is no history log for this rule.