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雷达卡
Marc Davidson, CFA, works as a trust specialist for Integrity Financial. Davidson starts a part- time consulting business providing advice to trustees for a fee. He conducts this business on his own time and therefore did not notify Integrity Financial of his consulting. Davidson asks his assistant to compile a list of Integrity's clients and their contact information. The following month, Davidson is offered a similar role at Integrity's largest competitor, Legacy Trust Services, Inc. After he begins working at Legacy, his new manager arranges for him to meet with a number of prospective clients, many of whom are clients of Integrity. After meeting with Davidson, a number of former Integrity clients decide to transfer their business to Legacy. Did Davidson's action violate the Code and Standards?
A. No
B. Yes, Davidson's part-time consulting business is a violation of the Standards
C. Yes, both Davidson's part-time consulting business and his meetings with Integrity clients are violations of the Standards
Answer = B
Members and candidates are required to disclose any compensation arrangement to their employers that involves performing tasks or services that their employers can charge for. Disclosure is required even if the activities occur during non-work hours.
为什么不选C呢
Lawrence Hall, CFA, and Nancy Bishop, CFA, began a joint research report on Stamper Corporation. Bishop visited Stamper's corporate headquarters for several days and met with all company officers. Prior to the completion of the report, Bishop was reassigned to another project. Hall used his and Bishop's research to write the report but did not include Bishop's name on the report, because he did not agree with and changed Bishop's conclusion included in the final report. According to the Standards of Practice Handbook, did Hall most likely violate any CFA Institute Standards of Professional Conduct?
A. Yes, with respect to misrepresentation
B. No
C. Yes, with respect to diligence and reasonable basis
Answer = B
Members are in compliance with CFA Institute's Standard V(A)-Diligence and Reasonable Basis if they rely on the research of another party who exercised diligence and thoroughness. Because Bishop's opinion did not agree with the final report, disassociating her from the report is one way to handle this difference between the analysts.
为什么不选A呢？
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