A mutual fund sponsor wishes to hold a seminar at the convention center at a resort hotel near Disney World. The seminar will focus on the features of different bond funds offered by the fund sponsor. If an Investment Adviser Representative (IAR) is invited to attend the conference, then:A. travel and accommodation expenses must be paid by the IARB. the IAR must decline the invitationC. the IAR must favor the fund when making recommendations to clientsD. the nature of the conflict of interest must be disclosed to clients

Question

Cordell Wilkerson

Social Studies

6 April, 21:35

A mutual fund sponsor wishes to hold a seminar at the convention center at a resort hotel near Disney World. The seminar will focus on the features of different bond funds offered by the fund sponsor. If an Investment Adviser Representative (IAR) is invited to attend the conference, then:A. travel and accommodation expenses must be paid by the IARB. the IAR must decline the invitationC. the IAR must favor the fund when making recommendations to clientsD. the nature of the conflict of interest must be disclosed to clients

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Answers (1)

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Lincoln Schultz · Answer 1

D. the nature of the conflict of interest must be disclosed to clients

Explanation:

The bill can be paid by fund sponsor, so long the meeting is educational, and not a promotional one.