Customer Investment Profile: Rapid Fire
Chapters in this video
- 0:00 The nine named facts and the no-waiver rule
- 1:58 The five financial factors and the net worth trap
- 3:31 The four objectives and the growth versus speculation trap
- 4:44 FIFO basis, long-term holding period, and qualified dividends
- 5:47 General solicitation versus non-solicitation verification
- 6:37 Form CRS delivery, page limits, and timing clocks
- 8:16 Rapid-fire exam recap
What this video covers
- The nine named facts that make up the customer investment profile, plus why the list is open-ended and what that means for documentation
- Why no waiver can ever disclaim suitability, and what documented, specific reasonable basis is required to skip any fact
- The five core financial factors versus personal circumstances examples, and the accredited investor net worth trap
- How preservation of capital, income, growth, and speculation differ, and why growth is not mild speculation
- When first in, first out (FIFO) governs basis, how specific identification works, and why exactly one year is short-term
- The reasonable steps versus reasonable belief verification distinction in general solicitation and non-solicitation offerings, and why the issuer always owns the duty
- Form CRS delivery timing, its two-page maximum, its relationship to Regulation Best Interest disclosure duties, and the 30-day and 60-day clocks
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 82 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.