SIE practice questionhardFiduciary Duty
A fiduciary who trades based on personal gain, using their position to access confidential client information, has violated:
- AMargin maintenance requirements
- BTheir legal and ethical obligations to act solely in the client’s best interest✓ Correct answer
- CT-bill offering procedures
- DMSRB syndicate rules
Explanation
Why B — Their legal and ethical obligations to act solely in the client’s best interest
Fiduciaries must act in the client’s interest. Trading for self-benefit using client info breaches these duties. The other options are unrelated to fiduciary violations.
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