No Suitability Determination Clause Samples
The No Suitability Determination clause states that the party providing a product or service does not assess whether it is appropriate or suitable for the recipient’s specific needs or circumstances. In practice, this means the recipient is responsible for evaluating the risks and benefits of the product or service before entering into the agreement, and cannot rely on the provider for advice or recommendations. This clause primarily serves to allocate risk by clarifying that the provider is not liable for any mismatch between the product or service and the recipient’s requirements, thereby protecting the provider from claims related to suitability.
No Suitability Determination. You acknowledge receipt of the Firm’s Relationship Disclosure Document, which describes the products and services that we will provide to you. You acknowledge that the Firm will not provide any recommendations to you and will not be responsible for making a suitability determination of trades when accepting orders from you. You alone will be responsible for your own investment decisions and the Firm will not consider your financial situation, investment knowledge, investment objectives, savings objectives and risk tolerance when accepting orders from you. The Firm does not provide financial, legal, tax or investment advice or recommendations.
No Suitability Determination. You acknowledge and agree that:
(a) OANDA does not make any determination of your general investment needs and objectives; and
(b) OANDA does not consider your financial situation, investment knowledge, investment objectives or risk tolerance when accepting orders from you.
No Suitability Determination. You acknowledge receipt of the Firm’s Relationship Disclosure Document, which describes the products and services that we will provide to you. You acknowledge that the Firm will not provide any recommendations to you and will not be responsible for making a suitability determination of trades when accepting orders from you. You alone will be responsible for your own investment decisions and the Firm will not consider your financial situation, investment knowledge, investment objectives, savings objectives and risk tolerance when accepting orders from you. You acknowledge that the Firm will not be responsible for making a determination that the products and account types offered by the Firm are appropriate for you. The Firm does not provide financial, legal, tax or investment advice or recommendations.
No Suitability Determination. The Advisor-Guided Plan and its Plan Officials make no representations regarding the suitability of the Investment Options for any particular investor. Other types of investments and other types of college savings vehicles may be more appropriate depending upon your personal circumstances. Please consult your tax or financial professional for more information. The Program Administrators reserve the right, in their sole discretion, to discontinue the Program, or to change any aspect of the Program. For example, the Program Administrators may change the Advisor-Guided Plan’s Investment Costs; add, subtract, or merge Portfolios; close a Portfolio to new investors; or change the Underlying Fund(s) of a Portfolio. Depending on the nature of the change, you may be required to participate, or be prohibited from participating, in the change with respect to Accounts established before the change.