If a broker-dealer is required to comply with both Reg BI and Rule 2111 regarding a recommendation to a retail customer, compliance with Reg BI would result in compliance with Rule 2111. Why?
〇 Because ALL broker-dealers are required to comply with both all the time.
〇 Because NO broker-dealers are required to comply with both.
〇 Because a broker-dealer that meets the best interest standard would necessarily meet the suitability standard.
〇 Because NO ONE is required to comply with both.