Question #28

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: 14

Status: Unattempted

Part of Context Group: Q27-28
Shared Context
- Is it likely that Myers violated any CFA Institute Standards of Professional Conduct by selling the Breakthrough stock for her clients' accounts? 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.
Question
Which of the following least accurately describes Harrison's actions necessary for compliance with the Code and Standards regarding proxy voting? Harrison should:
Answer Choices:
A. discard all proxies on behalf of Ironclad’s clients when there is a conflict of interest
B. abstain from voting on matters affecting Internet and Wavelength to avoid conflicts of interest
C. disclose all proxy voting policies to Ironclad’s clients including the treatment of routine and nonroutine issues
No explanation available for this question.
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