21-92 Concern about potential abuses of fiduciary responsibility has been used to justify product segmentation on the grounds of

Question

Quizplus · Accepted Answer

Concern about potential abuses of fiduciary responsibility has been used to justify product segmentation on the grounds of conflict of interest issues. This is because product segmentation can help mitigate conflicts of interest by separating different types of financial products and services offered by banks and financial institutions, reducing the likelihood of biased recommendations or sales practices that prioritize the financial institution's interests over those of its clients.

21-92 Concern About Potential Abuses of Fiduciary Responsibility Has Been