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Fred's client, Matteo, holds a technology-themed mutual fund.

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Fred's client, Matteo, holds a technology-themed mutual fund. The fund's investment objective recently changed, allowing it to hold various cryptocurrencies, resulting in a high-risk rating and making it unsuitable for Matteo. Fred discussed the change with his client, but Matteo insisted on continuing to hold the fund. What action must Fred take?

A.

Report the change to senior management.

B.

Update Matteo's risk profile so the fund is now suitable for him.

C.

Redeem the fund.

D.

Document the client's decision to hold.

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