Cal Turner Calls His Client and Recommends That the Client

Cal Turner calls his client and recommends that the client sell his shares in the Alpha High Quality Bond Fund and use the proceeds to buy shares in the Omega High Quality Bond Fund. Cal has done nothing unethical if his recommendation is based on the fact that

A) the Alpha Fund has a back-end load.
B) the Omega Fund has a front-end load.
C) the Alpha Fund has been performing poorly relative to other funds in the same category.
D) It would always be unethical for Cal to recommend that a client sell shares in one fund in order to buy shares of another fund that has the same investment objective.

Correct Answer:

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