Ali is an investment adviser for Affin Financial Solutions (AFS). He enters into an arrangement with a lawyer regarding the mutual referral of clients. Ali will refer AFS clients needing legal services to the lawyer in return for the lawyer recommending clients in need of financial advisory services. Give the reasons why such an arrangement is an unacceptable practice.
Ali is an investment adviser for Affin Financial Solutions (AFS). He enters into an arrangement with a lawyer regarding the mutual referral of clients. Ali will refer AFS clients needing legal services to the lawyer in return for the lawyer recommending clients in need of financial advisory services. Give the reasons why such an arrangement is an unacceptable practice.
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
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Ali is an investment adviser for Affin Financial Solutions (AFS). He enters
into an arrangement with a lawyer regarding the mutual referral of clients. Ali
will refer AFS clients needing legal services to the lawyer in return for the
lawyer recommending clients in need of financial advisory services. Give the
reasons why such an arrangement is an unacceptable practice.
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