Which of the following is a breach of fiduciary duty?
A) A broker recommends to his client that he buy shares of a company without telling the client that he (the broker) is being paid by the company to promote it.
B) A broker recommends to his client that he buy shares of a company without telling the client that he (the broker) owns shares in that company.
C) A broker recommends to his client that he use a particular lending institution to finance the purchase without telling the client that he (the broker) gets referrals from the institution in return.
D) Both A and B
E) All of the above
Correct Answer:
Verified
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