Schweser EOC.
Book 1 Pg 78. Question 11.
Surely B cannot be the correct answer. C and D have more merit than that. no?
Book 1 Pg 79. Question 15.
D is apparently the correct answer. Given Robert Blair’s position, is it possible to absolve yourself of your supervisory responsibility under IV (C)? Are you a supervisor because you are appointed one, or is it dictated by your role?作者: king_kong 时间: 2013-4-4 17:56
B seems to be the right answer for Pg 78 q 11.
B. Inform the investors that she is unable to make the purchase since it is inconsistent with the international stock portfolio’s mandate:
Suitability clause 2 in Std III C. When members are responsible for managing a portfolio to a specific mandate, strategy, style they must take .. specific investment actions that are consistent with stated objectives and constraints of the portfolio .
regarding the second q , the role is filled by a member followingall restrictions and duties / requirements of the role to be strictly followed , or you just don’t do it. You cannot take a middle ground on this . You are personally responsible to the standards . D is clearly the right answer . Plus this is lvl I stuff , which u already passed.
