September Study Question of the Month



Which of the following statements is most accurate regarding cross-transactions between accounts at a broker-dealer?
  1. Cross-transactions only create a potential conflict of interest for investment advisers.
  2. Broker-dealers are prohibited from engaging in cross-transactions.
  3. Cross-transactions are prohibited under all circumstances.
  4. Cross-transactions between accounts at a broker-dealer create conflict-of-interest risk.

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