http://www.reuters.com/article/2012/07/11/us-finra-suitability-idUSBRE86A0ND20120711

The above link is a new FINRA rule that goes into effect Monday.  To sum it all up, it holds broker/dealers/advisers accountable for ANY recommendations they disclose even if the prospect/client doesn't even have an account held with them directly.  This should have a huge impact on just about any licensed professional telling you they have a *HOT* stock tip.