Question
Tony, a dealing representative, runs an investment seminar. At the end of the presentation, one of the attendees, Jason Parker, shows Tony his current portfolio
Tony, a dealing representative, runs an investment seminar. At the end of the presentation, one of the attendees, Jason Parker, shows Tony his current portfolio that is with a competitor and complains about the return on his current batch of mutual funds.
Tony tells Jason that he would put him into better-performing top-quartile funds, and suggests that Jason transfer his account to Tony's supervision.
Is Tony's conduct ACCEPTABLE? Why or why not?
Step by Step Solution
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Step: 1
Duty of Care As a dealing representative or investment advisor Tony has a duty of care towards his clients This means that he should act in the best interests of his clients and provide suitable recom...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
