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Potential Conflicts of Interest Quizlet

Dashboard > Violations > Potential Conflicts of Interest > Potential Conflicts of Interest Quizlet

1.

Joe the broker’s firm is a large owner of ABC stock, which they recommend and sell to their clients. Joe recommended and purchased this stock for a client without disclosing who the seller was. Joe the broker is guilty of which of the following conflicts of interest:
- (A)Acting contrary to recommendations
- (B)Abstaining
- (C)Acting as principal
- (D)Agency cross transaction

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2.

Les Bunkle of Smarmy & Sons Broker-dealers recently encouraged a client to purchase shares of XYC Company. Les has been selling XYC Company short for the past month. If Les does not disclose this to his client, which conflict of interest is he in danger of violating?
- (A)Recommending securities the adviser also trades in
- (B)Agency cross transaction
- (C)Disclosing
- (D)Acting contrary to recommendations

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