What are conflicts of interest that must be avoided


Problem: Which of the following are conflicts of interest that must be avoided by the Super Trustee? Group of answer choices All of the situations in the other answers need to be avoided. Licensee A wants client B to invest in higher risk products that result in high commissions. Client B wants a high-risk product, but not if it means higher fees. Licensee C wants to maximise trading volume by its clients to increase its commission revenue - this is inconsistent with client D who wants to minimise investment costs. Licensee E is the trustee of a retail superannuation fund and wants to maximise the fees it earns from managing the fund - this is inconsistent with what the beneficiaries want, which is to minimise the fees they pay as members of the fund.

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Accounting Basics: What are conflicts of interest that must be avoided
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