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- 2011-7-11
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7#
发表于 2011-7-11 19:34
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As to Q2, I guess you're correct, but it certainly isn't obvious from the reading on page 140 (and the examples that follow) that this is what is intended.
As to Q3, I found the cite after my original post, (it's actually in section 8, page 267). While this is obviously the correct answer, it's not the intuitive one. It suggests, "hey, your fiduciary responsibility ends after the trades placed." Its like, where else in 3,099 pages of Level II curriculum would you not reevaluate an investment decision as new facts come to light?
SeesFA Wrote:
-------------------------------------------------------
> For Q2, I think the violation is to Standard
> VII--responsibilites as a CFA (p139-140)... the
> violation come from "improperly using an
> assocation with CFA Institute to further personal
> or professional goals."
> --it's a position as a CFA society member,
> and she's exerting her position to get
> professional gain by only using her own clients
> and brokers.
>
>
> For Q3, look on p258, "His compliance with these
> duties is judged as of the time an investment
> decision is made, and not with the benefit of
> hindsight or subsequent developments, no on the
> outcome of his investment decisions."
> It's basically saying that as long as you
> having the reasonable basis at the time of the
> transaction, that unexpected outcomes don't
> violate your fiduciary responsibility. It's an
> on-going process, but as long as you exercise
> prudent care, you won't be accountable for
> something unforeseeable.
- Robert
Edited 1 time(s). Last edit at Thursday, April 21, 2011 at 03:49PM by Robert A. |
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