Solicited vs. Unsolicited Orders

What this video covers

• Who makes the recommendation versus who places the order, and why that distinction alone determines solicited status
• When Regulation Best Interest (Reg BI) applies to retail customers and when FINRA suitability governs institutional customers instead
• Why Reg BI and FINRA suitability do not stack on the same recommendation, and how to recognize exam traps about overlapping rules
• The SEC order-ticket recordkeeping rules and why mismarking solicited as unsolicited is a standalone violation regardless of trade outcome
• When representatives must flag unsolicited orders that are clearly manipulative or objectively unsuitable, even without having recommended them
• How the chain of responsibility flows from recommendation, to order marking, to firm liability on test day