Question #39
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: 19
Status: Unattempted
Question
Harry Lee, CFA, is an equity research analyst for a long-term investment fund. His annual bonus is linked to the fund's three-year average gains. Under a new policy, the bonus criterion is changed to include a link to the fund's quarterly trading profits. According to the Code and Standards, best practices dictate:
Answer Choices:
A. requiring Hurst to obtain permission from each client prior to implementation of the new policy
B. updating disclosures when the policy change is implemented
C. treating the policy change as proprietary information
No explanation available for this question.