Business, 22.04.2020 02:24 RayOfSunsh1ne

The manager of a discretionary account places client funds in a suitable investment because it provides a higher commission than alternatives that are also suitable for the client. The selected investment subsequently appreciates in value. This investment manager did not:
a. place the client’s interests first.
b. face an ethical dilemma because the investment was profitable.
c. have a conflict of interest because the investment was suitable for the client.

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