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Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 13.4: Recommendations to customers.

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Where this section sits in the code
  1. Title 12—Banks and Banking
  2. CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  3. PART 13—GOVERNMENT SECURITIES SALES PRACTICES

In recommending to a customer the purchase, sale or exchange of a government security, a bank that is a government securities broker or dealer shall have reasonable grounds for believing that the recommendation is suitable for the customer upon the basis of the facts, if any, disclosed by the customer as to the customer's other security holdings and as to the customer's financial situation and needs.

Collected 2026-08-27T02:24:16Z. Source file · JSON

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