Execution-only sales occur when the client makes a financial transaction without receiving any advice or recommendations from the intermediary.
The client assumes full responsibility for the decision.
Elimination of Other Options:
A: Charges are typically present in execution-only sales.
C: The product is being sold; the sale cannot occur without it.
D: Guarantees are unrelated to the advisory process.
References:
ICWIM Module 4: Focus on financial advice models, including execution-only services.
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