Iowa License Law
An Iowa licensee who engages in 'churning' (encouraging clients to buy and sell repeatedly to generate commissions) violates the fiduciary duty of:
AAccounting
BLoyalty✓ Correct
CObedience
DDisclosure
Explanation
Churning violates the duty of loyalty because the agent is placing their own financial interest (generating commissions) above the client's best interests. Recommending unnecessary transactions to generate personal income is a serious breach of the agent-client relationship.
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