In which of the following instances is it permissible for an investment adviser to borrow money from a client?
A) It is never permissible for an investment adviser to borrow money from a client.
B) The investment adviser may borrow money from a client if the client is a bank.
C) The investment adviser may borrow money from a client if the client is a close friend of the majority owner of the investment advisory firm.
D) The investment adviser may borrow money in either of the scenarios described in B or C.
Correct Answer:
Verified
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