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Question of the Week: Level 3 – Ethics (2)

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    • Avatar of MarkMeldrumMarkMeldrum
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        • Undecided
        20 Apr 2020 at 8:36 pm
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        The correct answer is Option B.

        Since the purchase of the stock was a mistake, Santa Ana has not violated Standard III(C) Suitability.

        Since he corrected the error immediately upon recognizing it, reimbursed the account for the loss and the trading fees, and immediately informed the client of the error, he has not violated Standard I (D).

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