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Mr. and Mrs. Cleaver are nearing retirement and have made an appointment with Mr. Eddie, an investment adviser representative who works for Haskell Investment Advisers, to get advice on how they can better structure their investments to meet their retirement goals. Their son, Theodore, who has recently graduated college and has a great job as a software writer for a video game company, accompanies them.
Mr. Eddie explains that the main goal of any plan is diversification and recommends that Mr. and Mrs.
Cleaver spread their investment monies equally among six load mutual funds that Mr. Eddie can sell them.
He suggests that Theodore follow suit and invest any monies he has equally among the same ten funds.
Has Mr. Eddie done anything wrong?
A. No. Diversification should, in fact, be the goal, and he has advised a well-diversified plan for his clients.
B. Yes. Clients who are ready to retire have different investment needs than a client who is just entering the work force. The recommendation that both Theodore and his parents have the same asset allocation is clearly unsuitable.
C. Yes. Mr. Eddie is guilty of misappropriation, a prohibited practice.
D. Yes. Mr. Eddie has advised his clients to invest in load funds when no load funds are clearly better investments.
Answer: B
Explanation:
Explanation/Reference:
Explanation: Yes. In recommending that Mr. and Mrs. Cleaver and their son allocate their assets in identical fashions, Mr. Eddie has made an unsuitable recommendation since investors with different investment time horizons have different investment needs. Making unsuitable recommendations is a prohibited practice, and Mr. Eddie could have his license suspended or revoked.

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Which type of data is distributed by Zookeeper to ensure availability in the case of node or block failure?
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B. Snapshot Data
C. Configuration Data
D. Metadata
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