A customer asks an agent for a valuation of his securities portfolio. Because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock. Under the Uniform Securities Act, this action is A) permitted because the agent was not recommending a transaction B) permitted because the agent determined that selling the securities was not suitable C) not permitted because the agent must not attempt to influence the market value of a security D) not permitted because the agent must not deceive the customer by misstating a material fact

not permitted because the agent must not deceive the customer by misstating a material fact.

Explanation:

From the question, we are informed that a customer asks an agent for a valuation of his securities portfolio and that because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock.

It should be noted that under the Uniform Securities Act, this action is not allowed because the agent must not deceive the customer by misstating a material fact. An agent should not deceive a customer and ethical behavior is also required.

was my answer wrong?

answer; organization;