Laws & Regulations第 22 / 100 题
An IAR recommends a securities transaction that will generate a large commission for the IAR's affiliated broker-dealer. To act ethically, the IAR must at minimum:
a.Avoid mentioning the arrangement to keep the client calm
b.Cancel the transaction entirely
c.Increase the client's fee to offset the conflict
d.Disclose the conflict of interest so the client can make an informed decision
解析
A fiduciary must disclose material conflicts of interest, such as additional compensation to an affiliate, so the client can evaluate the recommendation. Concealment violates the duty of loyalty. Disclosure, not necessarily cancellation, is the baseline requirement, though the recommendation must still be in the client's best interest.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
同考点相关题目
- A client sends an unsolicited written complaint to an agent alleging unauthorized trading. The agent should:
- Under the Investment Advisers Act, a performance-based fee that charges a share of capital gains is generally permitted only when the client is:
- The Administrator may issue a cease and desist order:
- Which of the following is generally an exempt security under the Uniform Securities Act?
- An agent guarantees a customer against loss on a stock recommendation to close the sale. This practice is:
- Under the Uniform Securities Act, the statute of limitations for a purchaser to bring a civil suit for a violation is generally: