Best Kept Secret about KYC” By Ellen Bessner BABIN BESSNER SPRY LLP

How important is the client’s investment knowledge/sophistication when determining suitability? Very important – Ellen explains that this criterion can impact both a judge’s and regulator’s decision on suitability because they are seeking to determine whether the investment risk was accepted by the client. Ellen also provides guidance as to how an advisor can protect themselves in their assessment and evidence thereof.

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