Professional Conduct And Prohibited And Fraudulent Actions

Question 1

Who may charge fulcrum fees?

Answer 1

Advisors who manage accounts for investment companies or accounts with a greater value than $1 million as long as those accounts are not for trusts or retirement plans

Question 2

Provides the advisor with additional compensation for outperforming a broad-based index such as the S&P 500 and less compensation for underperforming the index

Answer 2

Fulcrum fees

Question 3

The practice of recommending a security to a client that the firm does not conduct business in without the firm’s knowledge

Answer 3

Selling away

This is a violation