8、Miranda Grafton, CFA, purchased a large block of stock on behalf of specific accounts she managed. The stock realized a significant gain in value before the close of business;, so Grafton reviewed her accounts again to determine where the block shares should be allocated. According to the Standards of Practice Handbook, Grafton's most appropriate action is to allocate the shares to: A. all underperforming accounts she manages. B. all accounts for which she has discretionary authority. C. only those accounts for which the block shares were originally intended. D. only those underperforming accounts for which she has discretionary authority.
Correct answer = C
Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp. 61-66
Standards I-VII
2008 Modular Level I, Vol. 1, pp. 53-58
Study Session 1-2-a
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable professional conduct
Members have a responsibility to deal with all clients fairly. The shares should be allocated to those accounts for which the shares were originally intended, regardless of the profitability of the trade. | 
发表于 2008-5-27 12:17
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