Nicholas Brynne, CFA, is a fixed-income analyst who trades in mortgage-backed securities (MBS). The MBS industry has seen sweeping regulatory changes since Brynne took his current position, and he now feels his understanding of applicable laws and regulatory standards is dated. Brynne must:
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A) |
update his understanding of applicable laws and regulatory standards relating to his position. | |
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B) |
have all trades reviewed by his compliance department until he has obtained an expert level of knowledge in compliance. | |
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C) |
rely on his firm’s policies and procedures for guidance on legal and regulatory standards. | |
See Standard I(A) "Knowledge of the Law." Brynne should update his understanding of applicable laws and regulatory standards relating to his position, although he is not required to be an expert in compliance. Relying only on firm policies and procedures is not sufficient. | 
发表于 2011-2-24 13:42
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