Question #36
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: 14
Status: Incorrect
Correct Answer: B
Your Answer: A
Question
To comply with the Standard on independence and objectivity, an analyst making investment recommendations:
Answer Choices:
A. must use only his own research
B. may use outside research only after verifying its accuracy
Explanation
Standard I(B), Independence and Objectivity: the analyst is allowed to use outside research
only after an insightful review. There are no restrictions regarding the exclusive use of in-
house information.
(Module 42.1, LOS 42: I(B))