Statements: (1) Limit risk by avoiding stock options (2) Above all, ensure that our clients capital is kept safe (3) We take pride in our low cost structure, so avoid unnecessary transactions (4) Remember that every investment must have the quality to stand on its own How many statements are consistent with the new Prudent Investor Rule? A) None B) one C) two D) three
i don’t know… b? I am really bad with ethics.
b. but who is “we” in 3? when is it ever ok to make unnecessary transactions?
I’m gonna say C. i think 3 and 4 are correct
B, choice 3 is correct. Choice 4 is incorrect. You look at an investment based on how it fits into the portfolio, not how it stands on its own.
b
Choice 4 is incorrect. agree with SanFranMatt. r