CFA Practice Question

There are 361 practice questions for this study session.

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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