Laws & RegulationsCâu 89 / 110
An adviser wishing to enter into an agency cross transaction (acting as broker for both sides) must generally do which of the following?
a.Obtain prior written client consent and disclose the conflict
b.Never disclose the arrangement to clients
c.Guarantee the client a profit
d.Charge a performance fee
Giải thích
An adviser engaging in an agency cross transaction, acting as broker for both the advisory client and the other party, must obtain the client's prior written consent, disclose the conflict of interest, and comply with related requirements. This protects clients from undisclosed conflicts. Such transactions may not be recommended to both sides of the trade.
Trích dẫn luật: Investment Advisers Act of 1940Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Regarding advisory fees, which arrangement is generally prohibited for most retail advisory clients?
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