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Code of Conduct Adhere to the specific Codes of Conduct

Tony owns Venda Financial Brokers. Which of the following would amount to a breach of the General Code of Conduct?

RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.

  1. a) Running advertising or marketing that is misleading.Correct
  2. b) Logging a client complaint and properly informing his compliance officer about it.
  3. c) Giving a client enough clear information to make an informed decision.
  4. d) Disclosing all relevant fees and commissions before the client decides.

Why this is the answer

Misleading advertising or marketing is a clear General Code breach. Properly logging and escalating complaints, giving clients adequate information, and disclosing fees up front are all examples of compliant conduct, not violations.

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