Under the Administrative Procedure Act, a Rule Created by an Agency

question 32

True/False

Under the Administrative Procedure Act, a rule created by an agency could then carry the same legal force as a law.

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Definitions:

Suitability

Suitability refers to the requirement that financial advisors and investment recommendations must align with the investing objectives, risk tolerance, and financial situation of the client.

Optimal Return

The highest possible return on an investment, considering the risk level and constraints, to achieve the best financial outcome.

Target-date

Refers typically to a type of mutual fund or retirement fund that automatically shifts towards more conservative investments as the target date (often retirement) approaches.

Retirement Funds

Investment funds specifically set aside for the goal of providing income during retirement, typically involving a mix of stocks, bonds, and other assets.