All of the following statements about a member's use of clients' brokerage commissions are true except
A. client brokerage commissions may be directed to pay for the investment manager's operating expenses.
B. client brokerage commissions should be commensurate with the value of the brokerage and research services received.
C. client brokerage commissions may be used by the member to pay for securities research used in managing the client's portfolio.
D. client brokerage commissions should be used by the member to ensure that fairness to the client is maintained.
All of the following statements about a member's use of clients' brokerage commissions are true except
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All of the following statements about a member's use of clients' brokerage commissions are true except
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