12 CFR § 13.5

12 CFR · Banks and Banking

§ 13.5 — Customer information.

12 CFR § 13.5

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

SourceeCFR (current through May 1, 2026)

This text of 12 C.F.R. § 13.5 (Customer information.) 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. § 13.5 (2026).

Text

§ 13.5 Customer information. Prior to the execution of a transaction recommended to a non-institutional customer, a bank that is a government securities broker or dealer shall make reasonable efforts to obtain information concerning:

(a)The customer's financial status;

(b)The customer's tax status;

(c)The customer's investment objectives; and

(d)Such other information used or considered to be reasonable by the bank in making recommendations to the customer.

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§ 13.5 Customer information.

Prior to the execution of a transaction recommended to a non-institutional customer, a bank that is a government securities broker or dealer shall make reasonable efforts to obtain information concerning:

(a) The customer's financial status;

(b) The customer's tax status;

(c) The customer's investment objectives; and

(d) Such other information used or considered to be reasonable by the bank in making recommendations to the customer.