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发表于 2013-4-4 07:20 | 只看该作者

Ethics Suitability question

lawyer, guess, something, question, involved

If a PM receives written consent from all clients to invest in something outside the original IPS, it’s a go right?
There have been a few questions where the answer no even through there’s written consent. One question involved getting consent from the pension fund’s lawyer, which I guess isn’t good enough.
A little help here?

wizofoz

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发表于 2013-4-4 07:56 | 只看该作者

When you are referring to a “trust” I take it to me that you are referring to a multi-beneficiary trust like a defined benefit pension trust correct?
i.e. a beneficiary of the Coca-Cola defined benefit pension plan would like the small cap PM to purchase a micro cap bio tech stock.

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jcfa2011

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发表于 2013-4-4 07:53 | 只看该作者

Yeah I happen to agree with you and got the question wrong, thats why I want to mention becareful if you are dealing with a benefiary or trust.

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AndyNZ

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发表于 2013-4-4 07:49 | 只看该作者

hmmm must be specific to a trust then. Because the material clearly states my quote above…

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HuskyGrad2010

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发表于 2013-4-4 07:45 | 只看该作者

It was an exam question from Stalla’s practice exam book, monring session, exam #2.
The beneficiary of a trust had provided the PM written instructions to invest outside the IPS, the correct answer was to ignore their request. As simple as that

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fishmarket

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发表于 2013-4-4 07:42 | 只看该作者

Can you explain that please cson99? I don’t think i follow you. Reference would help too…

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bcp901

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发表于 2013-4-4 07:38 | 只看该作者

You have to be careful as well with the IPS in regards to a beneficiary. In a bene. requests a change to an IPS regardless of it written or not, you dont change the IPS.

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Sunshine4ever

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发表于 2013-4-4 07:35 | 只看该作者

According to the Changing Investment Objectives section of Schweser Book 1, “Notify investors and potential investors of any potential change in the security selection and portfolio construction processes and secure documentation of authorization for proposed changes.”
So I guess it’s ok if you get written consent from investors without changing IPS…

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dirk01