Series 63 practice questioneasyDisclosure of Conflicts
Which of the following must an agent disclose to a client under the Uniform Securities Act?
- AReceiving additional compensation from the issuer for selling their securities✓ Correct answer
- BAgent's personal opinion about the market
- COther clients' positions in the recommended security
- DInternal firm policies regarding commissions
Explanation
Why A — Receiving additional compensation from the issuer for selling their securities
Agents must disclose conflicts of interest, such as additional issuer compensation (USA Section 402). Personal opinions, other clients’ positions, and internal policies are not required disclosures.
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