More fun with Schweser Ethics.. care, part, procedures, reasonable, following

OmarAdnan

Which of the following procedures relates specifically to maintaining the confidentiality of information under the Loyalty part of the Code?
A) Maintaining records for an appropriate amount of time.
B) Using reasonable care and prudent judgment when managing client accounts.
C) Creating and implementing an anti-money laundering policy.

Wendy01

There is no mention of Anti Money laundering anywhere but AMC…..I think.

skycfa

I guesss…..but the question didn’t give any details…

Fdez

you know what ..this is not even worth wasting you guys’ precious time on…
another BS schweser question with a BS answer…so here goes…
Your answer: B was incorrect. The correct answer was C) Creating and implementing an anti-money laundering policy.
Where appropriate, firms should implement an anti-money laundering policy which falls under the Loyalty to Clients section specifically related to preserving the confidentiality of client information. Developing a business continuity plan and maintaining records falls under the Compliance and Support section of the Code. Using reasonable care and prudence falls under the section of the Code dealing with Investment Process and Actions.
just thought I’d give you guys a laugh…i’m off to bed …adiosss

Darien

Herd mentality. B.