Perkinson, a member, will receive a permitted commission for recommending a product to her client....
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Perkinson, a member, will receive a permitted commission for recommending a product to her client.
Which of the following is TRUE regarding disclosure?
1. Perkinson is required to disclose the fact that she will receive a commission for the recommendation.
II. Perkinson is only required to disclose the fact that she will receive a commission for the recommendation if the commission exceeds the fair value of the product.
III. Perkinson is required to disclose the fact that she will receive a commission for the recommendation in writing.
IV. Because it is permitted, Perkinson need not disclose the commission.
1) I and III
2) Il only
3) IV only 4) None of the above.
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