Unit 7 Flashcards
1
Q
What is a fiduciary responsibility and who are obligated to do it ?
A
Responsible to put clients interests ahead of they own. IA and IAR
2
Q
What time of hedge clause is acceptable?
A
One that limited liability of an IA for losses caused by conditions and events bring it’s control, such as war, strikes, natural disasters…etc.
3
Q
When can a client waive a rule violation by an IA or other security professional?
A
Never
