A large pension fund client informs an Investment Dealer that they wish to waive all conflict of interest disclosures to speed up trade execution, noting that they have their own sophisticated internal compliance team. How should the Dealer Member respond?

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Accepted Answer

While institutional clients can waive suitability, they cannot waive a Dealer Member's conflict of interest obligations. The firm must still identify, address, and disclose the conflict.

A large pension fund client informs an Investment Dealer that they wish to waive all conflict of interest disclosures to speed up trade execution, noting that they have their own sophisticated internal compliance team. How should the Dealer Member respond?

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