Steven Wong was an ace financial advisor. He placed millions of dollars on behalf of his clients into certain debentures of Tippett Holdings Ltd
He did not inform his clients that he received hundreds of thousands in commissions from Tippett for obtaining all this investment. On the other hand, all of his clients made money on their Tippett holdings. Can any of his clients sue Wong?
A) No. They have not suffered any financial loss
B) No. Wong has not given negligent professional advice
C) No. Wong has not placed his own interests above those of his clients
D) Yes. Wong has committed a breach of fiduciary duty
E) Both A and B
D
You might also like to view...
An effective buffer serves as a transition to the explanation and information section of the indirect message
Indicate whether the statement is true or false.
All response hierarchy models of the communication process assume the buyer passes through cognitive, affective, and behavioral stages, in that order
Which of the following product categories lends itself most appropriately to such a "learn-feel-do" sequence? A) clothes B) dishwashers C) real estate D) personal computer E) air tickets