Which of the Following Is True Regarding Broker-Client Relationships

question 13

Multiple Choice

Which of the following is true regarding broker-client relationships?

• A) A typical brokerage agreement states the client waives the right to a jury trial and, instead, is bound by arbitration.
• B) Any advice received from a broker is not guaranteed.
• C) A broker has a legal duty to act in the client's best interest.
• D) Your protection is shared over all of the brokers if you have brokerage accounts with more than one CIPF member when bankruptcy arises.
• E) All of the above.

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Definitions:

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Shared Values

Fundamental beliefs or principles held in common by a group or individuals.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Culture-as-shared-value Approach

A perspective that views culture as a set of common values and beliefs shared among members of a group.