Products第 6 / 110 题
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:
a.Breakpoint selling, which is prohibited
b.Acceptable, because the customer named the dollar amount
c.Acceptable, because breakpoints apply only to purchases above $50,000
d.Switching, which requires principal approval
解析
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.
法律依据: FINRA Rule 2341 (Investment Company Securities)免费刷完整 110 道题库 — 无需注册。
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