CFA论坛 - Powered by Discuz! Board

标题: Reading 2-V: Standards of Professional Conduct & Guidanc [打印本页]

作者: bmaggie 时间: 2010-4-2 11:42 标题: [2010]Session 1:-Reading 2-V: Standards of Professional Conduct & Guidance: I

Session 1: Ethical and Professional Standards
Reading 2-V: Standards of Professional Conduct & Guidance: Investment Analysis, Recommendations, and Action

LOS C.: Record Retention.

Ethyl Redd recently joined Bloomington Investments as a research analyst. After spending an afternoon looking through the research team’s archives, Redd is not sure Bloomington maintains the records that support the team’s analysis and recommendations for the minimum 7-year period called for by Standard V(C), Record Retention. What is Redd’s most appropriate course of action?

A)
Decline to participate in any new research until she can verify that the firm is in compliance with the Standard.

B)
Keep her own copies of the relevant records and maintain them at home for a minimum 7-year holding period.

C)
Review the firm’s record retention procedures with her supervisor or compliance officer to ensure that they comply with the Standard, or suggest ways to bring them into compliance.

Standard V(C), Record Retention requires that members maintain all records supporting analysis, recommendations, actions, and all other investment related communications with clients and prospects. The recommended procedures for compliance with Standard V(C) state that the record-keeping requirement is generally the firm’s responsibility. These records are the property of the firm, so Redd keeping her own copies at home could potentially violate Standard IV(A), Loyalty. Redd’s best course of action is to review the firm’s procedures with her supervisor and recommend any improvements that are necessary to bring them into compliance with Standard V(C).

作者: bmaggie 时间: 2010-4-2 11:42

According to CFA Institute Standards of Professional Conduct, members should do all of the following to meet the compliance procedures for having a reasonable basis for recommendations, EXCEPT:

A)
analyze the client's investment needs.

B)
distribute a detailed, written research report to clients with each recommendation.

C)
analyze the investment's basic characteristics before recommending a specific investment to a broad client group.

Standard V(C), Record Retention, requires that members maintain appropriate records to support the reasonableness of such recommendations or actions, but they are not required to distribute a research report with each recommendation.

作者: zaestau 时间: 2010-5-6 03:33

c

作者: jyzhou2 时间: 2014-10-9 11:10

really helpful

欢迎光临 CFA论坛 (http://forum.theanalystspace.com/)