Ethical and Professional Standards 【Reading 3】Sample
An investment advisor with fiduciary responsibilities over client assets is guided by some basic duties and principles concerning “soft dollars.” Which of the following is NOT one of these duties or principles? A)
| All commissions paid to a broker are the property of the broker. |
| B)
| The quality of the transaction comes first. |
| C)
| To act in the clients' best interest. |
|
All (client) commissions paid to a broker are the property of the client. |