Concern about potential abuses of fiduciary responsibility has been used to justify product segmentation on the grounds of
A)safety and soundness issues.
B)economy of scale and scope issues.
C)conflict of interest issues.
D)deposit insurance issues.
E)regulatory oversight issues.

Question

Quizplus · Accepted Answer

The concern about potential abuses of fiduciary responsibility is related to the conflict of interest issue, as fiduciary responsibility involves the duty to act in the best interest of the client or beneficiary. Product segmentation can be used to separate conflicting interests and ensure that the products offered are aligned with the clients' needs and objectives.

Concern About Potential Abuses of Fiduciary Responsibility Has Been Used