CFA Mock Morning session Ethics Q2 anywhere, thousands, writing, states, question

LiquidAssets10

Explanation for the question states that writing "thousands clients" when he has a small client base is violation. But where does it say that he has small client base? I am not able to find that in the question anywhere.

ftwcfa

mb45 Wrote:
-------------------------------------------------------
> Look at it like you are comparing teams... You
> have 3 fat guys on a team vs. 50 small guys on a
> team. Although the 3 fat guys are large it is
> still a small team. Although the 50 small guys are
> small they are still a larger team. So having a
> few large clients like 3 or 4 means you have a
> small team to work with.


Makes sense! there wouldnt be too many large retail banks anyway

soddy1979

In the text, it is stated he has "several large retail bank", so it is considered as a small client base and there is a violation of the Standard Misrepresentation.

It's not explicit but we have to read each question really carefully, especially in ethics where all words count.