Business PracticesCâu 66 / 100
Before recommending a security to a new customer, an agent must:
a.Guarantee that the recommendation will meet the customer's return objective
b.Make reasonable inquiry into the customer's financial situation, investment objectives, tax status, and needs, and have a reasonable basis for believing the recommendation is suitable
c.Obtain the Administrator's prior approval of the recommendation
d.Confirm only that the customer has enough cash to pay for the trade
Giải thích
Recommending securities without reasonable grounds to believe they suit the customer, based on information the agent has actually gathered about the customer's situation and objectives, is an unethical practice. A customer who refuses to provide information limits what the agent may reasonably recommend. Administrators do not pre-approve recommendations, and settlement ability alone says nothing about suitability.
Trích dẫn luật: NASAA Model RuleLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An agent arranges private investments in a real estate partnership for several clients, collects a finder's fee directly from the sponsor, and never mentions the activity to his broker-dealer. This is:
- An agent tells a prospect, 'My state registration means the Administrator has reviewed my qualifications and approved the investments I recommend.' This statement is:
- Two traders repeatedly buy and sell the same thinly traded security between themselves at rising prices to attract outside buyers. This conduct is:
- Which statement best distinguishes the duties of an investment adviser from those of a broker-dealer effecting transactions for a customer?
- A broker-dealer sells a customer bonds out of the firm's own inventory. Which disclosure obligation applies?
- A broker-dealer decides to raise its account maintenance and transfer fees substantially. Under NASAA rules, the firm:
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