IFMP Financial Advisors Certification (FAC), Pakistan Practice Questions - IFMP Financial Advisors Certification (FAC), Pakistan Exam

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A financial advisor recommends a mutual fund solely because the AMC pays the highest trailer fee, ignoring the client's risk profile. This conduct most clearly violates which ethical expectation?

Suitability and fair dealing toward the client The requirement to maximize exchange trading volume The obligation to set PSX index levels The duty to underwrite IPOs for the government

Correct Answer:

Suitability and fair dealing toward the client

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