Steven Wong was an ace financial advisor. He placed millions of dollars on behalf of his clients into certain debentures of Tippett Holdings Ltd. He did not inform his clients that he received hundreds of thousands in commissions from Tippett for obtaining all this investment. On the other hand, all of his clients made money on their Tippett holdings. Can any of his clients sue Wong?
A) No. They have not suffered any financial loss
B) No. Wong has not given negligent professional advice
C) No. Wong has not placed his own interests above those of his clients
D) Yes. Wong has committed a breach of fiduciary duty
E) Both A and B
Correct Answer:
Verified
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