Investor protection in sales · Question 6 of 12
What must a bank inform retail clients about before a securities transaction?
1 answer is correct. Easy
Show answer
Answer
- A The expected costs and their effect on the return
Explanation
Under MiFID II, investment firms must disclose all costs and associated charges in advance, as an amount and as a percentage. The effect of costs on the return must also be shown. After the transaction, an annual statement of the costs actually incurred follows.