[求助]关于这一题的详细解答! profession, concerning, investment, management

liondaisy

Shane Matthew, CFA, is a principal at Carlson Brohters, a leading regional investment bank specializing in initial public offerings of small to mid-sized biotech firm. Just before many of the IPOs are offered to the general public, Matthew arranges for 10% of the shares of the firm going public to be distributed to management at 75% of the expected IPO price.This action is: 

A, permissible under CFA Institute Standards

B. a violation of the Standard concerning professionalism

C. a violation of the Standard concerning disclosure of conficts of interest.

D. a violation of the Standard concerning suitability.

这一题给出的答案是B，但是我始终不明白为什么，请哪位知道的帮忙说明一下，谢谢～～！

janga

谢谢。看看。

胡老师

建议仔细的阅读道德手册，上面有不少好的例子，这是学习道德这部分的好方法

胡老师

首先这个做法道德准则肯定是不允许的。我认为是违法了专业性中的Independence and Objectivity.

Members and Candidates must use reasonable
care and judgment to achieve and maintain independence and objectivity
in their professional activities. Members and Candidates must not
offer, solicit, or accept any gift, benefit, compensation, or consideration that
reasonably could be expected to compromise their own or another’s independence
and objectivity.

公司接受了低价的IPO股票，再安排IPO ，就对公司的Independence and Objectivity造成了影响。

Suitability我引用如下：
1. When Members and Candidates are in an advisory relationship with a
client, they must:
a. Make a reasonable inquiry into a client’s or prospective clients’
investment experience, risk and return objectives, and financial
constraints prior to making any investment recommendation or
taking investment action and must reassess and update this information
regularly.
b. Determine that an investment is suitable to the client’s financial
situation and consistent with the client’s written objectives, mandates,
and constraints before making an investment recommendation
or taking investment action.
c. Judge the suitability of investments in the context of the client’s total
portfolio.
2. When Members and Candidates are responsible for managing a portfolio
to a specific mandate, strategy, or style, they must only make investment
recommendations or take investment actions that are consistent
with the stated objectives and constraints of the portfolio.
可见，Suitability主要和给出投资建议时要了解客户，以及组合管理时候，遵守组合的目标与限制有关系。