Business, 12.02.2020 02:05 tristan4233

A wealthy customer is very satisfied with her registered representative. She approaches the representative to ask him if he would like to be appointed as trustee over a trust account that she is establishing for her 2 grandchildren. If he accepts, he would be paid a trustee fee. Which statement is TRUE about this?

A. The registered representative cannot act as the trustee because he already manages another account for the customer
B. The registered representative cannot act as the trustee because he cannot accept a trustee fee
C. The registered representative cannot act as the trustee because of the conflict of interest
D. The registered representative can act as the trustee without restriction

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