Ethics Knowledge of law his, first, department, published, reference

gjcxc

Milton Baker, CFA, prepares a research report on the dynamics of a stock price. In his study, he uses a considerable number of information sources, both outside sources and his company’s own research papers, prepared for both internal and public use. The report will first be distributed at the monthly department meeting and then later will be published on the company’s Internet site. He thinks that he may have neglected to mention some of his sources in his reference list but decides that he needs to be concerned about full disclosure of his sources only for the public version of the report, so he will wait to revise his work until after the monthly meeting but before it is published on the internet site. Which Standards does Baker NOT comply with?
A) Standard I(C), Misrepresentation, and I(A), Knowledge of the Law.
B) Standard I(C), Misrepresentation, I(B), Independence and Objectivity, and I(A), Knowledge of the Law.
C) Standard I(C), Misrepresentation, only.
D) Standard I(A), Knowledge of the Law, and I(B), Independence and Objectivity.
The correct answer is A. Why?

justin88

I(B), Independence and Objectivity is not a problem.
Standard I(C), Misrepresentation has been violated because of the references problem.
I(A), Knowledge of the Law has been violated because he breached the Standards
I(A), Knowledge of the Law : “Members and Candidates must comply with all applicable laws, rules and regulations, including the CFAI Code of Ethics and Code of Standards…yada yada yada”
Basically, any breach of the Standards is also a breach of I(A), Knowledge of the Law.

smuggycfa

A
whats the answer

morebeans

thanks guys.

Spongebob

Bump
The answer is obviously A, through process of elimination. The key point here is realizing what newsuper said, that ” any breach of the Standards is also a breach of I(A), Knowledge of the Law.”