Q1. In accordance with Standard III (A) Loyalty, Prudence and Care, which of the following statements is least accurate? Members and Candidates should: A) utilize client brokerage to the sole benefit of the client. B) vote all proxies on behalf of clients in a responsible manner. C) submit to clients, at least quarterly, itemized statements detailing all of the period’s transactions.
Q2. Liam McCoy has lunch with a wealthy client whose portfolio he manages. McCoy advises the client to double his current position in the JKM Corporation due to an anticipated increase in sales. In accordance with Standard (V) Investment Analysis, Recommendations and Actions, when McCoy returns to his office he should: A) identify other clients for whom JKM may be a suitable investment and notify them immediately of his recommendation. B) document the details of the conversation with the client with regard to his investment recommendation. C) verify the suitability of the investment recommendation before placing the client’s order.
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发表于 2009-1-5 15:27
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