A customer wants to invest $24,000 in a fund whose next breakpoint occurs at $25,000. The representative processes the $24,000 order without mentioning the breakpoint. This conduct is best described as:

Giải thích

Selling shares in an amount just below a breakpoint without disclosing that a slightly larger purchase would reduce the sales charge is breakpoint selling, a prohibited practice that benefits the representative at the customer's expense. The customer naming the amount does not relieve the representative of the duty to disclose. Breakpoint schedules commonly start well below $50,000, and switching refers to moving assets between funds, not to a single new purchase.