# [Series 65] 73, Fiduciary Duty and Prohibited Practices

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-73-fiduciary-duty-and-prohibited-practices
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-73-fiduciary-duty-and-prohibited-practices.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-06-05T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-73-fiduciary-duty-and-prohibited-practices
Audio file: https://episodes.captivate.fm/episode/142c0a94-cb09-48fa-ba8f-2e35ed867d84.mp3
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Duration seconds: 291

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The two primary components of fiduciary duty for an investment adviser are the duty of care and the duty of loyalty. - The duty of care includes providing suitable advice, seeking best execution, and ongoing monitoring. - The duty of loyalty requires advisers to place client interests ahead of their own and to disclose or eliminate conflicts of interest. - Prohibited practices like front-running, churning, and commingling are strictly forbidden and frequently tested. - Full and fair disclosure of all material facts and conflicts of interest is a cornerstone of an adviser's fiduciary obligation. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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