Deception is an ever-present danger in financial selling mostly because _________ .
A)the customer has to rely on the seller for all of the relevant information
B)financial salespeople often do not know very much about the securities they sell
C)there are not many laws that regulate financial services
D)no one ever has all the information at a given time

Question

Quizplus · Accepted Answer

Deception is more likely to occur when the customer is heavily reliant on the seller for information and the seller may withhold or manipulate information to their advantage. Additionally, financial selling involves complex products and terminology that the customer may not fully understand, making them vulnerable to deceptive tactics. While there are some laws regulating financial services, they do not eliminate the danger of deception completely. Finally, it is true that no one ever has all the information at a given time, but this does not necessarily lead to deception in financial selling.

Deception Is an Ever-Present Danger in Financial Selling Mostly Because