Q1. In accordance with Standard III (A) Loyalty, Prudence and Care, which of the following statements is least accurate? Members and Candidates should:

A)   utilize client brokerage to the sole benefit of the client.

B)   vote all proxies on behalf of clients in a responsible manner.

C)   submit to clients, at least quarterly, itemized statements detailing all of the period’s transactions.

答案和详解如下：

Q1. In accordance with Standard III (A) Loyalty, Prudence and Care, which of the following statements is least accurate? Members and Candidates should:

A)   utilize client brokerage to the sole benefit of the client.

B)   vote all proxies on behalf of clients in a responsible manner.

C)   submit to clients, at least quarterly, itemized statements detailing all of the period’s transactions.

Correct answer is B)

Because of the time and expense involved in voting a proxy, Members and Candidates are not required to vote every proxy. A cost benefit analysis can be performed to determine if it is necessary to vote a proxy.

THX

thank you