What is one potential outcome of not following qualification protocols?

Not following qualification protocols can lead to legal repercussions for the representative because these protocols are established to ensure compliance with regulatory standards and protect both the representative and the clients. When a representative does not adhere to these protocols, it can result in violations of industry regulations, which may attract penalties, fines, or other legal actions against the representative. Additionally, such lapses can damage the trust between clients and the representative, leading to a negative reputation in the market. It emphasizes the importance of thorough client assessments and adherence to best practices to mitigate any legal risks associated with improper conduct. Following qualification protocols helps in safeguarding against these potential legal issues, highlighting their critical role in the financial services industry.