An Investment Adviser Representative (IAR) manages the assets of the ABC Corporation Profit Sharing Plan. The trustee of the plan contacts the IAR, explaining to the IAR that he wants a check drawn from the plan account to buy a building that ABC Corporation will occupy. The IAR should:

refuse to issue the check because it is a breach of the IAR's fiduciary obligation

Explanation:

This check should not be issued because if it is issued it would be a breach of the investment advisor representative fiduciary obligation. His main responsibility is to offer advices that relates to investment because he is a financial planner. He has to act in the best interest of his client with loyalty and also in good faith.

answer; im thinking the correct answer is (7years);

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i hope this i spelt things wrong i believe but this is why

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