12 CFR § 13.4

12 CFR · Banks and Banking

§ 13.4 — Recommendations to customers.

12 CFR § 13.4

TitleTitle 12: Banks and Banking PartPart 13: Government Securities Sales Practices

SourceeCFR (current through Apr 3, 2026)

This text of 12 C.F.R. § 13.4 (Recommendations to customers.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 C.F.R. § 13.4 (2026).

Text

§ 13.4 Recommendations to customers.
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.

Free access — add to your briefcase to read the full text and ask questions with AI

§ 13.4 Recommendations to customers.

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.