Question #15
Reading: Reading 41 Code of Ethics
PDF File: Reading 41 Code of Ethics.pdf
Page: 5
Status: Incorrect
Correct Answer: B
Your Answer: C
Question
According to the Standards of Professional Conduct, investment transactions for clients and employers must have priority over investment transactions in which a Member or Candidate is the beneficial owner. This concept is most directly addressed in:
Answer Choices:
A. Standard I, Professionalism
B. Standard V, Investment Analysis, Recommendations, and Actions
C. Standard VI, Conflicts of Interest
Explanation
Standard VI(B) addresses priority of transactions, and states that "Investment transactions
for clients and employers must have priority over investment transactions in which a
Member or Candidate is the beneficial owner."