"Disgorgement," in the Context of Fiduciaries,means That

question 16

Multiple Choice

"Disgorgement," in the context of fiduciaries,means that:

• A) An injured client is entitled to recover triple the amount of his provable damages
• B) An injured client is entitled to recover his actual damages, plus interest, and attorney's fees
• C) A client is entitled to recover the amount of the profits earned by the fiduciary as a result of its misconduct, even if the client did not suffer any actual damages
• D) A client is presumed to be entitled to recover the amount of the profits earned by the fiduciary, unless the fiduciary can prove that the client suffered no actual harm

Identify the costs and fees associated with mutual funds, including loads, 12b-1 fees, and expense ratios.

Understand the calculation of net asset value (NAV) and how it affects mutual fund transactions.

Recognize the tax implications and potential tax liabilities associated with investing in mutual funds.

Differentiate between open-end and closed-end funds as well as exchange-traded funds (ETFs).

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Definitions:

Control-Oriented

An approach or system focused on regulating processes, activities, or people to ensure conformity and efficiency.

High-Mach

Refers to individuals with a high Machiavellianism trait, characterized by manipulation, a focus on personal gain, and a disregard for morality in achieving goals.

Dishonest

Characterized by a lack of truthfulness, integrity, or straightforwardness, especially with the intention to cheat or deceive.

Takes Advantage

Behaviors or actions through which an individual or group exploits situations or others for their own benefit, often unfairly.