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.
对于不符合mandate的投资不是直接就不行么？难道事先披露给投资者之后就可以改变策略不按照mandate执行么？
