Which of these statements comparing the suitability standard and the fiduciary standard is CORRECT? ...
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Finance
Which of these statements comparing the suitability standard and the fiduciary standard is CORRECT?
A) The typical compensation agreement under both standards is fee-based.
B) Written disclosure of conflicts of interest is always required under both standards.
C) The suitability standard is primarily a principle-based standard with a limited amount of rules or guidelines, unlike the fiduciary standard, which is primarily rules-based
D) Legal recourse under the suitability standard is normally through arbitration and not the public courts.
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