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  2. Being acceptable

    the fact of being acceptable or right for something or someone:
    dictionary.cambridge.org/us/dictionary/english/suitability
    dictionary.cambridge.org/us/dictionary/english/suitability
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    What is suitability?suitability (of somebody/something) (for something) There is no doubt about her suitability for the job. suitability (of somebody/something) (to do something) His recent behaviour raises questions about his suitability to hold public office. Definition of suitability noun in Oxford Advanced Learner's Dictionary.
    What is a synonym for suitability?suit′a•bil′i•ty, suit′a•ble•ness, n. Synonyms: rightness, appropriateness, agreement, fitness, propriety, more... Collocations: is no doubt about her suitability for the [position, job], her suitability was (not) in question, his [failures, actions] raised doubts about his suitability, more... < subject to > the suitability...
    What are suitability obligations?Suitability Obligations Rule 2111 lists the three main suitability obligations for firms and associated persons. Reasonable-basis suitability requires a broker to have a reasonable basis to believe, based on reasonable diligence, that the recommendation is suitable for at least some investors.
    What is customer-specific suitability?Customer-specific suitability requires that a broker, based on a particular customer’s investment profile, has a reasonable basis to believe that the recommendation is suitable for that customer.
    What is quantitative suitability?Quantitative suitability requires a broker with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions, even if suitable when viewed in isolation, is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile.
    What is reasonable basis suitability?Reasonable-basis suitability requires a broker to have a reasonable basis to believe, based on reasonable diligence, that the recommendation is suitable for at least some investors. Reasonable diligence must provide the firm or associated person with an understanding of the potential risks and rewards of the recommended security or strategy.
     
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