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Institutional clients tend to be more sophisticated than retail clients.

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Institutional clients tend to be more sophisticated than retail clients. What benefit does this translate into for CIRO dealer members?

A.

They are free of fiduciary obligations to their clients.

B.

They are subject to few, if any, investment restrictions.

C.

They can organize their firms based specifically on client needs.

D.

They are permitted to make trades on a discretionary basis for their clients.

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