On July 9, FINRA Rules 2090 and 2111 go into effect.  In Rule 2090, FINRA has defined what a member firm/registered representative must do to know their customers.  In addition, Rule 2111 defines suitability when it comes to investment recommendations.  For what this means for you as a practical matter, I have written the attached guidebook.  http://www.foxrothschild.com/uploadedFiles/attorneys/eBook_aGuideToAnswerThatAgeOldQuestion.pdf