Question #26

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: 13

Status: Unattempted

Part of Context Group: Q26-28 First in Group
Shared Context
- Is it likely that Myers violated any CFA Institute Standards of Professional Conduct with respect to her disclosure of the partnership interest in the software company or did Harrison violate any standards with respect to the sale of Breakthrough stock? Partnership interest Breakthrough sale A) No Yes B) Yes Yes C) Yes No
Question
Is it likely that Myers violated any CFA Institute Standards of Professional Conduct by selling the Breakthrough stock for her clients' accounts?
Answer Choices:
A. Yes, because the information shared by Breakthrough's CEO was nonpublic
B. No, because Myers is not considered an insider with respect to the information
C. No, because Myers has a fiduciary duty to her clients
No explanation available for this question.
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