Which statement comparing the suitability standard and the fiduciary standard is CORRECT? A) Both approaches require a

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Question:

Which statement comparing the suitability standard and the fiduciary standard is CORRECT? A) Both approaches require a duty of loyalty to a client and looking out for their best interests first and foremost. B) Verbal disclosure may be adequate under the suitability standard but not the fiduciary standard. C) The suitability standard and the fiduciary standard are essentially similar because they have the same requirements. D) Both approaches are primarily solution driven rather than product driven