Business, 05.07.2021 19:20 kawaiiiiiiii4715

The CEO of a publicly traded company is a large client of an investment adviser representative. The CEO, who is a member of the prestigious River Rocks Country Club, tells the IAR that he will refer other club members to the IAR if the IAR will give the referred clients a discount, and will give the CEO the same discounted rate. Which statement is TRUE about this situation?A. The IAR is prohibited from giving a group of individuals a discount that is not being offered to all of the IAR's clientsB. The IAR can offer the discount as long as the fact that non-club members pay a higher fee is disclosed in the Form ADV Part 2AC. The IAR can offer the discount as long as charges to all of the IAR's customers are fair and reasonableD. The IAR is prohibited from offering the CEO the discount since he or she is an existing client, but can offer the discounted rate to any new clients that belong to the country club

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