The Trading Floor’s Relationship with Clients
Financial market activities are considered part of the everyday risk management or investment activities of a sale person’s clients and should be seen as separate from any financial market activity which is driven by a strategic initiative, such as a merger or acquisition. The relationship that clients have with the sales person is not explicitly stated or documented as advisory, nor is it considered one. This relationship is one where the role of the sales person is to help the client understand the financial products, how they can be tailored/structured, what the risks inherent to them are and how the market in which they are transacting works.
The term suitability needs to be addressed here. A ...
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