The ethical obligations of a planner are extensive. They must lay down specific guidelines for his interaction with their clients. They must work hard to comprehend their clients' needs and situations, and they must give objective recommendations.
Planners are required to always act in their clients' best interests. Loss of certification or even criminal charges may result from a financial planner's actions that are thought to be detrimental to the customer. In one well-known case from 2012, a California insurance salesman who had sold an improper annuity to an elderly client was convicted guilty of felony theft chargAnswer:
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