Fred Brubacher, CFA, is an analyst at Van City Bank (VCB). Brubacher receives compensation for referrals to the bank’s brokerage and personal financial-planning divisions. His recent referrals are long-time clients from his previous employer, and Brubacher does not mention VCB’s referral arrangement. Does Brubacher violate any CFA Institute Standards?
A. No.
B. Yes, with respect to misrepresentation.
C. Yes, with respect to conflicts of interest
answer is C. I thought C at first, but then I thought that the readings said if your referring people to divisions in the same company it should be obvious and implied you are going to receive some form of compensation and that disclosure is not necessary. But this still constitutes a conflict of interest?? |
发表于 2013-3-30 20:40
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