Ethical and Professional Standards Q49
- A
adjust the non-cash compensation in the salaries of the personnel including Daisuke who are referring clients to the brokerage department.
- B
disclose to clients at the time of a referral, the referral arrangements within Advile‟s departments.
- C
stop the referral policy to remove any conflicts of interest.
- Option : B
- Explanation : Disclosure to clients is important even if the referrals result in a non-cash compensation. Refer to Standard VI(C) Referral Fees.
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