Question #7
Reading: Reading 42.1 Standards of Professional Conduct Guidance for Standards I
PDF File: Reading 42.1 Standards of Professional Conduct Guidance for Standards I.pdf
Page: 3
Status: Incorrect
Correct Answer: A
Your Answer: C
Question
Member compliance on issues relating to corporate governance or to soft dollars is primarily addressed by the Standard concerning:
Answer Choices:
A. Disclosure of Referral Fees
B. Disclosure of Conflicts to Clients and Prospects
C. Loyalty, Prudence, and Care
Explanation
Fiduciary duty on issues relating to corporate governance or to soft dollars is primarily
addressed by Standard III(A), Loyalty, Prudence, and Care.