About this episode

This episode discusses fiduciary duty and prohibited practices for investment advisers.

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The two primary components of fiduciary duty for an investment adviser are the duty of care and the duty of loyalty. - The duty of care includes providing suitable advice, seeking best execution, and ongoing monitoring. - The duty of loyalty requires advisers to place client interests ahead of their own and to disclose or eliminate conflicts of interest. - Prohibited practices like front-running, churning, and commingling are strictly forbidden and frequently tested. - Full and fair disclosure of all material facts and conflicts of interest is a cornerstone of an adviser's fiduciary obligation. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

People in this episode

Host: Ran Chen

Topics covered

• fiduciary duty
• investment adviser
• prohibited practices
• client interests
• conflicts of interest
• exam preparation

Keywords

• fiduciary duty
• duty of care
• duty of loyalty
• prohibited practices
• front-running
• churning
• commingling
• disclosure
• exam preparation

Mentioned in this episode

Organizations: Open Exam Prep, YouTube Channel

Products: EA license, Insurance and Securities licenses, CFP® designation, Series 6, Series 63, Series 65

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