Investment advice disclosures and suitability require intermediaries to reveal interests and ground securities recommendations in reasonable belief.

Publicly accessible investment advice concerning securities requires disclosure of direct or indirect interests, including long or short positions in the relevant security. Where advice is rendered by relevant personnel, disclosure must also cover the interests of dependent family members and the employer. Recommendations to clients or investors expected to rely on them for acquiring, disposing of, or retaining securities require reasonable grounds to believe that they are suitable.

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