Series 6 - Investment Company And Variable Contracts Products Representative Exam
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Which of the following terms describes an investor protection requirement that obligations a broker-dealer to exercise reasonable care when placing an order so that the most advantageous terms are obtained for a customer?
Fiduciary obligation
A
Prudent man rule
B
Best execution
C
Market timing
D
Explanations
Best execution is an investor protection requirement that essentially obligations a BD to exercise reasonable care when executing an order so that the most advantageous terms are obtained for the customer.