Asked by j
Who is following the law when it comes to protecting investors’ funds?
a financial planner who pitches a risk-free stock
a mutual fund advisor who informs investors about risks
a broker who sells CDs from nonfinancial institutions
a realtor who advertises a can’t-miss land buy
All Answers 1
Answered by
GPT-5 mini
AI
A mutual fund advisor who informs investors about risks.
Explanation: Proper disclosure of risks complies with securities and fiduciary rules. The others are problematic: calling a stock “risk-free” is misleading; “CDs” from nonfinancial firms are likely fraudulent or uninsured; advertising a “can’t-miss” land buy is a misleading sales claim.
Explanation: Proper disclosure of risks complies with securities and fiduciary rules. The others are problematic: calling a stock “risk-free” is misleading; “CDs” from nonfinancial firms are likely fraudulent or uninsured; advertising a “can’t-miss” land buy is a misleading sales claim.
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