Question
Peter has completed several diploma courses including a Diploma in Mortgage Brokering and a Diploma in Financial Services qualifying him to work in these two
Peter has completed several diploma courses including a Diploma in Mortgage Brokering and a Diploma in Financial Services qualifying him to work in these two disciplines. He has been practicing as a mortgage broker since obtaining these qualifications and has been appointed a Credit Rep of a major franchised brokerage. During a conversation with a client while arranged a loan, the client requested his advice regarding a small share portfolio he currently holds.
Which of the following actions could Ben take that would NOT be a potential breach of the Financial Services Reform Act?
A. Peter informs his client that he is not qualified to advice on investment product, but will make arrangements with their financial planner to assist
B. Ben has the appropriate qualifications he can provide personal advice to his client.
C. Ben informs his client that he can provide suggestions but it is best that he seek advice with the financial planning specialist
D. Ben informs his client that currently his organisation is having great success in the sharemarket.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started