Which among the following events would NOT be treated as an advice provided to retail client under C.7 of Corporations Act? a. Advice sought by a person whose has net assets of $1.5 million for the last two financial years. b. Advice is provided for use in connection with a business that is run by less than twenty employees. c. Advice sought for investments in relation to superannuation accounts. d. Advice sought for investing $500000 in shares and debentures.
Added by Tammy L.
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7 of Corporations Act defines retail clients as individuals or entities who are not considered wholesale clients. Wholesale clients are those who meet certain financial thresholds or have professional experience in the financial industry. a. The fact that the Show more…
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