Fast-forward a few months. Federal investigators are interested in the sale of your stock and the sale of your daughter's stock. Because all signs point to the truth as being an invitation to trouble, you lie. When they talked with your friend about her sale, say investigators, she explained a standing agreement that instructed her broker to sell the stock when the market price went below a specified level. It sounds like a good explanation, so you go along with it.

1. What have you done wrong? What has your client friend done wrong?

Answer rating: 100% (QA)

In the scenario youve proposed two major ethical and possibly legal violations have occurred on both ... View the full answer