CFA Institute members work in many different roles in the
investment industry. For individual members providing services to
clients as commission-based brokers that do not offer investment
advice, which of the following best describes how the standard of
loyalty, prudence, and care applies?
A.
The standard is not applicable to commission-based brokers
because they do not have a fiduciary responsibility to the
client.
B.
The commission-based broker must work prudently in the interest
of the client while executing the requested transaction.
C.
The standard creates a fiduciary-level obligation to the client
for the commission-based broker.
CFA Institute members work in many different roles in the investment industry. For individual members providing services
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CFA Institute members work in many different roles in the investment industry. For individual members providing services
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