The following is/are true statement(s) based on the CFP Code of Ethics and Professional Responsibility and its Standards of : . . . (1) The planner's responsibility for "diligence" refers to his/her responsibility to perform an extensive analysis of any investment option recommended for the client. . . . (2) The Principle of "Professionalism" would dictate loyalty between planners and their peers, to include a planner's discretionary silence if he/she is aware of a breech of ethics or securities laws by a fellow CFP practitioner. . . . (3) The CFP certifcant's fiduciary standard and code of conduct is extended to his/her staff members. . . . (4) Co-mingling of client funds with those of the practitioner is only permitted when full and complete disclosure has been provided both to the client and to the CFP Board. . . . (5) The Principal of "Fairness" requires that the planner must keep clients informed of any changes to business relationships, professional status or operational information (such as address, etc.).

Select one:

a.

(3) and (5) only

b.

(2), (3) and (4)

c.

(1) and (4) only

d.

All of the offered responses ( # 1 - # 5) are true statements.

e.

None of the offered statements (# 1 - # 5) are true.