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Business, 28.09.2019 00:30 719729

An investment adviser is marketing an unproven asset allocation program to customers that has not been validated by real-world testing. the adviser believes that the program works well and tells this to potential buyers, but has no data to support this claim. if the adviser sells this program to customers, then the adviser:
a. must disclose the underlying algorithms used in the computer model to any buyerb. must determine that the computer model will generate suitable asset allocation recommendations to customersc. has not committed an unethical practice because the adviser believes in "good faith" that the program works welld. has committed an unethical business practice

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An investment adviser is marketing an unproven asset allocation program to customers that has not be...

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