Aregistered investment adviser often recommends real estate limited partnership investments to her wealthy clients. the ria's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. which statement is true? a her actions are proper, because investment advisers cannot take the same investment positions as their clients b her actions are inconsistent with the advice being given to her clients and this must be disclosed c the adviser's securities transactions for her own account is personal information that is not disclosed d the adviser has no fiduciary obligation to her clients because they are all wealthy and can "look out for themselves"

B.Her actions are inconsistent with the advice being given to her clients and this must be disclosed

Explanation:

A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE

A real estate limited partnership (RELP) is a group of investors who pool their financial resources to invest in property purchasing, development, or leasing. Under its limited partnership status, This form of partnership  has a general partner who bears full liability and limited partners who are predispose  only up to the amount they contribute

The registered investment adviser does not practice what she teaches. She might just be in the profession for the money. She might also understand the risk associated with the real estate limited partnership investments and hence  would want to be risk averse herself. she should let her clients know the nitty gritty of the partnership and put a disclaimer across to them

answerpublish a notice of the proposed rulemaking proceeding in the federal register;