Suggested Notecards
What constitutes an unreasonable fee?
What compensation conflicts of interest must be disclosed to a client in writing?
With whom can a professional not split fees or commissions?
What is the rule concerning charging fees for miscellaneous services?
What is a soft-dollar arrangement?
What services can be received under a soft-dollar arrangement?
What services are prohibited on a soft-dollar basis?
Define custody.
Define discretion.
Define commingling.
What type of discretion needs a written authorization?
When must a written authorization giving discretion be on file?
What is a trading authorization and who might it be given to?
What are the prudent investor standards?
What is suitability?
What is the general difference between the prudent investor standard and suitability?