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Which of these statements comparing the suitability standard and the fiduciary standard is CORRECT? A) The typical compensation agreement under both standards is fee-based. B)

Which of these statements comparing the suitability standard and the fiduciary standard is CORRECT?

A) The typical compensation agreement under both standards is fee-based.

B) Written disclosure of conflicts of interest is always required under both standards.

C) The suitability standard is primarily a principle-based standard with a limited amount of rules or guidelines, unlike the fiduciary standard, which is primarily rules-based

D) Legal recourse under the suitability standard is normally through arbitration and not the public courts.

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