n NISM Certifications
X NISM Series X
Medium

A client wanting to bypass third-party investment regulations asks for help. The adviser should:

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Help the client secretly

  2. B

    Disclose the attempt

  3. Demonstrate ethical restraint and refuse assistance

    Correct answer

  4. D

    Advise on legal loopholes

Why this is the answer

Ethical restraint involves preventing illegal or non-compliant actions, maintaining integrity and compliance.

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