Regulation Global Chapter 2

A fiduciary obligations encompasses which of the following:

Which of the following statement is incorrect:

Investment advice should least likely to be:

Which duty is referred here the financial advisor to put the client’s interest ahead of his or her interest.

Which duty is referred here the financial advisor to fully disclose the conflict and make sure the client understands that before making the decision.

Which duty is referred here requires the financial advisor to choose the investment which is in the best interests of the client.

Which of the following statement is correct: Statement 1: Documentation of client meetings and decisions is not required to be maintained by advisor to show intent of client interest first. Statement 2: Documentation of client meetings and decisions will often go a long way toward showing the financial advisor’s intent (and client’s agreement) to put the client’s interest first.

The financial advisor could equally recommend an investment option that pays more commission or one that pays less under which standard?

Which of the following statement is incorrect:

In situations where legal requirements are less clear financial advisors should choose to operate on the basis of putting the client first.

In addition to supporting compliance to the exact letter of the law, what should a business culture promote if it’s focused on protecting consumers?

At its core, what does a reasonable definition of fiduciary state?

What is the definition of money laundering?

What is the ultimate objective of mandating compliance with regulatory requirements?