14、Umi Grabbo, CFA, is a highly regarded portfolio manager for Atlantic Advisors (AA), a midsized mutual fund firm investing In domestic securities. She has watched the hedge fund boom and on numerous occasions suggested her firm create such a fund. Senior management has refused to commit resources to the area. Frustrated by the inaction, and attracted by the higher fees associated with hedge funds, Grabbo and several other employees organize a hedge fund to invest in international securities during their non-work hours. Grabbo is careful to work on the fund only on her own time. Because AA management thinks that hedge funds are a fad, she does not inform her supervisor about the hedge fund. According to the Standards of Practice Handbook, Grabbo least likely violated the Standard relating to: A. Loyalty. B. Disclosure of Conflicts. C. Priority of Transactions. D. Additional Compensation Arrangements. | 
发表于 2008-11-5 16:09
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