NO.PZ201604030300005001
问题如下：
1. Does Ronoldo violate the CFA Institute Asset Manager Code of Professional Conduct with respect to his broader investment strategy?
选项：
A.No.
B.Yes, with respect to client disclosure only.
C.Yes, with respect to reasonable and adequate basis only.
解释：
B is correct.
Ronoldo should have disclosed his change in investment strategy to clients, allowing them to move their accounts if not in agreement. Until he disclosed a planned change in strategy, he should have continued to manage in the manner for which clients had hired him.
Ronoldo plans to describe the new strategy in the company’s next annual newsletter, due to be sent to clients in three months.
这句话啥意思？
