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.
Correct Answer:
Verified
Q17: Institutional investors do not include which of
Q18: Regulators are concerned about dark pools for
Q19: Advantages of dark pool trading for asset
Q20: Which of the following is false about
Q21: Which of the following is false about
Q22: Today electronic trading represents greater than half
Q23: Which of the following is false about
Q25: Risks that must be managed in security
Q26: Security firms have significant liquidity risk to
Q27: To reduce risk for negotiated offerings, syndicates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents