Rose, a financial adviser, recommended that a client, Maureen, purchase shares in Mad Money Mutual Fund.Relying on Rose's recommendation the client purchased 100 units.The entire stock market collapsed and the value of Mad Money Mutual Fund was reduced significantly.Maureen was surprised to learn that Rose earned a commission on each unit sold to her clients.Is Rose liable to Maureen?

Question 3 options:

No, Rose's advice did not cause the loss.

Yes, Rose breached her fiduciary duty by not disclosing that she received a commission on the sale.

Yes, Rose failed to meet the standard of care for a financial adviser by recommending a mutual fund that incurred losses.

No, Rose met the standards of care for a financial adviser.

No , mutual fund dealers are not liable to their clients for losses incurred.