标题: Ethics 5 may be a simple one. I made it wrong. [打印本页] 作者: Walex 时间: 2013-4-14 20:31 标题: Ethics 5 may be a simple one. I made it wrong.
Nick O’Donnell, CFA, unsuspectingly joins the research team at Wickett & Co., an investment banking firm controlled by organized crime. None of the managers at Wickett are CFA Institute members. Because of his tenuous situation at Wickett, O’Donnell begins making preparations for independent practice. He knows he will be terminated if he informs management at Wickett that he is preparing to leave. Consequently, he determines that “if he can just hang on for one year, he will likely have a client base sufficient for him to strike out on his own.” This action is:
A) a violation of his fiduciary duties.
B) not a violation of his duty to employer.
C) a violation of his duty to disclose conflicts to his employer.作者: cyber21 时间: 2013-4-14 20:32
hah! what a BULLSHIT question!
but anyway, it doesn’t say what the preparations he is making are, but I would go for B作者: infinitybenzo 时间: 2013-4-14 20:33
I would say A.作者: adehbone 时间: 2013-4-14 20:33
why A?
You can prepare to go into business on your own as long as you don’t:
- approach clients
- take files
etc etc etc
Just because he intends to leave in a year is a violation?作者: hariRaj 时间: 2013-4-14 20:39
I agree he’s violating something, but it doesn’t appear to be fiduciary duty or disclosure to employer.
B作者: meghanjackson 时间: 2013-4-14 20:44
the “only” violation here is he should have dissociated from illegal activity as soon as he realised it was illegal (so quite a big one!).
Looking for employment is not a disclosable conflict and provided it’s on his own time, no fiduciary failure. So B.作者: ba736 时间: 2013-4-14 20:56
what was the answer here?作者: zephyranalyst 时间: 2013-4-14 21:05
A.
He intends to do something evil with the his employees clients when he leaves. or does fiducially on refers tl clients not employyer as well?
isn’t planning to steal employeers clients not a violation?
what is the answer?
