CFA Practice Question

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CFA Practice Question

Which of the following statements about fair dealing is the LEAST ACCURATE? The standard related to Fair Dealing ______.

A. states that members should treat all clients equally
B. imposes a duty with respect to both clients and prospective clients
C. pertains to both investment recommendations and investment actions
Correct Answer: A

This standard states that all clients cannot be treated equally because it is impossible to reach everyone simultaneously and that each client has unique needs and objectives.

User Contributed Comments 4

User Comment
tbg091789 fairly > equally
msk500 That was easy.
guest found it tricky. thanks tbg for pointing out fairly > equally = two different words
sshetty2 I would think equally > fairly... equally is just not possible as stated in the LOS review
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