感觉答案给的不对，求老师解答一下这个case中哪些情况违反了，非常感谢。
Jacaranda Asset Management Case Scenario
The new risk-based regulations also require accurate and complete
performance presentations, with all discretionary accounts included in
at least one composite. Bukenya believes Jacaranda’s performance
presentation policy meets these new requirements as well as the CFA
Institute Standards of Professional Conduct because Jacaranda’s single
composite includes all current and terminated client accounts, and
presentations include the following statement: “Detailed information
regarding the performance presentation is available on request.”
Although Jacaranda does not currently comply with GIPS standards,
Q. Jacaranda’s record-keeping policy is most likely in violation of Standard V(C)–Record Retention with regard to the:
- keeping of hard and electronic copies.
- retention of personal notes and research models.
- retention time frame.
B is correct. Standard V(C)–Record Retention
requires the retention and maintenance of records to support the
investment analyses, recommendations, actions, and other
investment-related communications with clients and prospective clients.
Because the independent research contractor provides research only for
Jacaranda, he would not necessarily be considered a third-party research
provider. Thus, he would be required to send his research reports to
the firm along with his underlying supporting analysis and financial
models. Therefore, Jacaranda does not meet the record retention
requirements. The standard allows firms to keep hard copies and/or
electronic copies of documents. In addition, although it recommends
files be retained for a minimum of seven years, Jacaranda is still in
compliance with the standard in that it meets local regulatory
requirements.
