Question #17

Reading: Reading 42.6 Standards of Professional Conduct Guidance for Standards VI

PDF File: Reading 42.6 Standards of Professional Conduct Guidance for Standards VI.pdf

Page: 9

Status: Unattempted

Part of Context Group: Q17-19 First in Group
Shared Context
- Which of the following Standards is most relevant regarding Pennington's meeting with Elise? A) Standard III(A), Loyalty, Prudence, and Care. B) Standard III(C), Suitability. C) Standard III(E), Preservation of Confidentiality.
Question
Standard VI(A), Disclosures of Conflicts, requires Pennington to disclose all matters, including beneficial ownership of securities of other investments, that could be expected to impair the member's ability to make unbiased and objective recommendations. Which of the following matters would least likely be disclosed to Elise?
Answer Choices:
A. AIA has a soft dollar arrangement with a brokerage firm owned by Pennington’s sister
B. Pennington owns shares in Allux
C. Pennington played golf with Helmut Flanders on a regular basis and developed client relationships from those golf outings
No explanation available for this question.
Actions
Practice Flashcards