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ethics answers that don't make sense make me angry
Elaine Black, CFA has recently been hired as the Chief Investment Officer at a money management company that does not claim it is in compliance with CFA Institute Soft Dollar Standards. Her former company was in compliance. Which of the following statements concerning CFA Institute Soft Dollar Standards is TRUE? Black:
A) cannot use soft dollars to pay for research services except when the commissions originate from principle trades.
B) must ignore all provisions set forth in the CFA Institute Soft Dollar Standards except when they are consistent with the Standards of Professional Conduct.
C) must abide by the conditions set forth in the Standards of Professional Conduct concerning soft dollars and can chose to accept some of the CFA Institute Soft Dollar Standards.
Your answer: A was incorrect. The correct answer was C) must abide by the conditions set forth in the Standards of Professional Conduct concerning soft dollars and can chose to accept some of the CFA Institute Soft Dollar Standards.
Black must abide by the Standards of Professional Conduct, but can still follow any of the Soft Dollar Standards that she desires.
can someone define how it is possibel that you MUST abide by SOPH but can CHOOSE to follow soft dollar standards as she pleases? |
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发表于 2013-4-10 17:40
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