A trustee for a trust account wants to make an investment in a privately held limited partnership that manufactures flight simulators. The trustee has previously invested in other limited partnerships and has made money in some of the ventures and lost money on others. The trustee is also a pilot and will get a discount if he uses the company's flight simulators for required annual flight training. Which statement is TRUE?
A. The trustee is prohibited from making the investment because of the potential for a total lossB. The trustee is prohibited from making the investment because he will derive a personal benefitC. The trustee is prohibited from making the investment because limited partnerships are not publicly tradedD. The trustee is permitted to make the investment if this is in the best interests of the beneficiary
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