Question
Brian is an employee at BCA Bank and is meeting with a new client who wants to transfer their mutual fund investments to BCA from
Brian is an employee at BCA Bank and is meeting with a new client who wants to transfer their mutual fund investments to BCA from another institution. Brian completes the new account applicaton form and collects the client's KYC information. When completing the transfer form, Brian mirrors the client's existing asset mix by placing him into funds that most closely match the ones that he holds at the other Bank. Has Brian done anything wrong?
A-Yes, Brian did not advertise that he was a registered Mutual Funds salesperson
B-Yes, Brian did not advise the client about the trailer fees he'll earn from the investment
C-Yes, Brian did not complete a suitability review
D-No, Brian has done nothing wrong
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