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Elan Mock #1 Question 18

To avoid plagarism an analyst must disclose:
A. The sources of widely available public information
B. The sources of summarized reports of other analysts
C. The sources of widely available public information, and the sources of summarized reports of other analysts
I thought the answer was B. Elan says the answer is C, quoting “According to Standard I(C): Misrepresentation, an analyst must disclose the source of the information even if it is widely available to the public.
I really thought this was the exception, that you didn’t need to disclose source when the information was widely publically available…so i looked it up and found from investopedia:
Exception  Public Financial Data
Information that is already widely available to the public and distributed via a number of sources does not need to be acknowledged, according to the CFA Institute’s view of plagiarism
So, would you say Elan is wrong?

yeah i kind of agree with you

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i think it depends on the type of info.
eg the change in a company’s stock price over the past 12 months, you wouldn’t have to reference, because it is stating a fact and you could have got it from a million places. on the other hand, IMF economic forecasts, even though they are widely available, would have to be referenced because they are the intellectual property of the IMF.

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Based on volume I page 44 of the CFA book, Elan is right, correct answer is C. Generally, when you are using the words of any, you have to acknowledge it

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