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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓A retail customer fails the SIP knowledge assessment for a complex fund she wishes to buy. Which outcome is correct?
Failing the assessment does not automatically bar the sale; it triggers additional safeguards (advice, further explanation/warnings, review) that are separate from and additional to disclosure and suitability.
Assuming a failed knowledge assessment is an absolute bar to purchase.
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