21. Which of the following is most likely a violation of Standard III(B) Fair Dealing?
A. A firm makes investment recommendations and also manages a mutual
fund. The firm routinely begins trading for the fund’s account ten minutes
before announcing recommendation changes to client accounts.
B. After releasing a general recommendation to all clients, an analyst calls the
firm’s largest institutional clients to discuss the recommendation in more
detail.
C. A portfolio manager allocates IPO shares to all client accounts, including
her brother’s fee-based retirement account.
Right Answer is B.
It isn’t A, because this is a violation against Priority of Transactions? I think so. What’s your opinion???作者: bchadwick 时间: 2013-4-7 05:14
This has been discussed, everyone pretty much thinks its A. If I were you I would just forget you read this question stick to CFAI questions dont use schweser they are pretty vague
