Tony, a dealing representative, runs an investment seminar. At the end of the presentation, one of the attendees, Jason Parker, shows Tony his current portfolio that is with a competitor and complains about the return on his current batch of mutual funds.

Tony tells Jason that he would put him into better-performing top-quartile funds, and suggests that Jason transfer his account to Tony's supervision.

Is Tony's conduct ACCEPTABLE? Why or why not?

Answer rating: 100% (QA)

Duty of Care As a dealing representative or investment advisor Tony has a duty of care towards his clients This means that he should act in the best interests of his clients and provide suitable recom... View the full answer