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Garth, a client, refuses to provide complete or accurate information to Katie, his agent, during an annuity sale, and he also decides to purchase an
Garth, a client, refuses to provide complete or accurate information to Katie, his agent, during an annuity sale, and he also decides to purchase an annuity that Katie does not recommend. Which of the following statements is TRUE?
A Katie should conduct a brief but private investigation to discover Garth's financial status.
B Katie may be liable for losses Garth suffers as a result of his purchase.
C Katie should refuse to make this purchase and has no obligation to Garth to do so
D Katie has violated the suitability requirements regarding annuity sales.
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