15 Mar 2025

RE5 Exam Question

Lebo, a representative at FinSmart Advisors, is meeting with a new client to recommend a retirement annuity product. She hands the client a brochure but does not mention the commission she will earn or the risks associated with the product. Which requirement under the FAIS General Code of Conduct has Lebo MOST LIKELY violated?

a. She failed to assess the client's financial needs.

b. She did not act with due care and diligence.

c. She failed to disclose material information, including financial interest and risk.

d. She violated the requirement to be under supervision.