What potential ethical issues are raised in this scenario

Reference no: EM133653574

Question: Assume your brother-in-law sells investments in limited partnerships. His business is fair- ly new and you would like to help him get established. The limited partnership interests he sells are risky, but some of his investors have doubled their money in as little as 7 or 8 years. You are considering recommending that the Clements liquidate their $13,900 investment in the growth mutual fund and invest the proceeds with your brother-in- law. You feel that this may allow them to accumulate the money they need for a down payment on their first home fairly quickly. You feel there is no conflict of interest in making this recommendation because your brother-in-law pays you no compensation for referring clients to his firm. What potential ethical issues are raised in this scenario and what must you do to address them?

Reference no: EM133653574

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