SIE practice questioneasyFiduciary Duty
A registered representative must put the client's interests ahead of their own. This duty is known as:
- ABest execution
- BFiduciary duty✓ Correct answer
- CMargin maintenance
- DSuitability requirement
Explanation
Why B — Fiduciary duty
The fiduciary duty requires putting the client’s interests first. Best execution (B) is about obtaining best price. Margin maintenance (C) relates to margin accounts. Suitability (D) requires recommendations to be appropriate, but fiduciary is broader.
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