道德

问题如下：

Which CFA Institute Standards of Professional Conduct did Fitzgerald most likely violate during his lunch with the CEO following the asset sale?

选项：

A.Standard I: Professionalism and Standard III: Duties to Clients B.Standard I: Professionalism and Standard II: Integrity of Capital Markets C.Standard II: Integrity of Capital Markets and Standard III: Duties to Clients

解释：

Solution

1. Correct. Fitzgerald has most likely violated Standard I: Professionalism and Standard III: Duties to Clients by asking whether his best friend could use the HorizonGale CEO’s personal home in Paris for his honeymoon. More specifically, he has most likely violated Standard I(B): Independence and Objectivity, which requires that members and candidates not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity. He has also most likely violated Standard III: Duties to Clients—more specifically Standard III(A): Loyalty, Prudence, and Care, which requires that members and candidates act for the benefit of their clients’ interests before their employer’s or their own interest. Soliciting the use of the CEO’s home even though it is for his friend could compromise Fitzgerald’s independence and objectivity as well as his loyalty to his clients.

2. Incorrect. Fitzgerald has most likely violated Standard I: Professionalism, but he has not violated Standard II: Integrity of Capital Markets. There is no evidence Fitzgerald violated Standard II(A): Material Nonpublic Information or Standard II(B): Market Manipulation.

3. Incorrect. Fitzgerald has most likely violated Standard III: Duties to Clients, but he has not violated Standard II: Integrity of Capital Markets. There is no evidence Fitzgerald violated Standard II(A): Material Nonpublic Information or Standard II(B): Market Manipulation.

Guidance for Standards I–VII

• 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