4．Walton Capital Advisers (WCA) has a soft dollar arrangement with Dudley & Co., a brokerage firm that also has an advertising subsidiary. WCA pays a premium for trades on behalf of their clients to receive advertising benefits. According to the Standards of Practice Handbook, WCA抯 actions with respect to the use of soft dollars violated the CFA Institute Standard of Professional Conduct relating to:

Select exactly 1 answers from the following:
A. fair dealing.
B. loyalty, prudence, and care.
C. prohibition against misrepresentation.
D. additional compensation arrangements.

答案和详解如下！

Feedback: Correct answer: B

Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp. 55, 59

2006 Level I Program Readings, 揋uidance?for Standards I-VII, Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp. 77-80

2006 Modular Level I, Vol. I, pp. 83-86

Study Session 1?朼

demonstrate a thorough knowledge of the Standards of Professional Conduct by recognizing and applying the standards to specific situations

WCA violated their duty of loyalty to clients in failing to ensure that soft dollars are used for the client抯 benefit.

[此贴子已经被作者于2006-11-22 10:30:44编辑过]

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