Question #42
Reading: Reading 42.3 Standards of Professional Conduct Guidance for Standards III
PDF File: Reading 42.3 Standards of Professional Conduct Guidance for Standards III.pdf
Page: 17
Status: Correct
Correct Answer: A
Question
According to the Standard concerning loyalty, prudence, and care, brokerage is an asset of the:
Answer Choices:
A. client
B. managing firm
C. brokerage firm conducting the trades
Explanation
Brokerage is an asset of the client.
(Module 42.4, LOS 42: III(A))