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Which of the Following Is False About the U

Question 24

Multiple Choice

Which of the following is false about the U.S. Department of Labor
Fiduciary Rule for Investment Advisors?


A) Under this rule, anyone providing investment advice on retirement accounts given in exchange for compensation must act in the interest of the client.
B) Under this rule, brokers are allowed to steer investors into in-house funds with higher fees than non-house funds.
C) The standard also applies to advisers acting as fiduciaries, going beyond just the disclosure of conflicts of interest.
D) All of the above are true.

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