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4. Which of the following is true (or false) of financial fiduciaries? a) They hold a legal or ethical relationship of trust with another party

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4. Which of the following is true (or false) of financial fiduciaries? a) They hold a legal or ethical relationship of trust with another party b) Typically, they take care of assets or money belonging to another party c) Asset managers and managers of pensions funds are typically considered fiduciaries under current laws d) All financial advisors are required to act as fiduciaries under current laws e ) Even though not all financial advisors are required to act as fiduciaries for their client several professional organizations require their members to act as fiduciaries when dealing with clients f) The new Department of Labor Fiduciary Rule, if implemented, will automatically ele all financial professionals who work with retirement plans or provide retirement plan -11

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