解析一下整个题目可以吗

问题如下：

Is Prem’s arrangement to enhance business relations most likely consistent with the CFA Institute Code of Ethics and Standards of Professional Conduct?

选项：

A.Yes.

B.No, with regard to best execution.

C.No, with regard to independence and objectivity.

解释：

1. Incorrect because Prem’s employer, Ashoka, is not able to provide best execution for Gupta’s customers due to the longer timeframe required to settle trades. Thus Mathew is in violation of Standard III(A)–Duties to Clients.

2. Correct. Prem’s employer, Ashoka, is not able to provide best execution for Gupta’s customers because of the longer time frame required to execute trades, despite having similar commission structures to other brokers. Thus Mathew is in violation of Standard III(A)–Duties to Clients. Mathew’s independence and objectivity are unlikely to be compromised by Prem’s arranging the itinerary because Mathew had specifically identified the companies he wanted to visit. Mathew also added questions to Prem’s list of questions to be addressed with management during their interviews, so Mathew’s independence and objectivity would not likely be compromised. Ashoka’s offer to pay for the trip expenses also does not necessarily compromise Mathew’s independence and objectivity with regard to making investment recommendations or taking investment action [Standard I(B)–Independence and Objectivity]. Also of note, there doesn’t appear to be any evidence soft dollar commissions were not being used for the benefit of Gupta clients because the research trip is for their benefit.

3. Incorrect as Mathew’s independence and objectivity is unlikely to be compromised by Prem arranging the itinerary and/or establishing a list of questions to be addressed with management during their interviews. Asoka’s offer to pay for the trip expenses also does not necessarily compromise Mathew’s independence and objectivity with regard to making investment recommendations or taking investment action [Standard I(B)–Independence and Objectivity].

• demonstrate a thorough knowledge of the CFA Institute Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations