6 Questions
Client suitability is a concept mainly focused on disclosure of information to clients.
False
Diligence in the context of client suitability means thorough investigation and analysis of a client's financial situation.
True
Reasonable basis is a principle that requires financial advisors to disclose all information to clients.
False
Disclosure of information to clients is a key aspect of the financial advisory process.
True
Communication to clients and the general public is only necessary for financial advisors working with high-net-worth individuals.
False
Suitability determination is a process that only applies to institutional clients.
False
This quiz covers the key attributes of busier markets, including liquidity, transparency, and reliability, and how technology has reshaped the market with forces of change such as deregulation, liberalization, and globalization. Test your knowledge of financial markets and their evolution.
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