NO.PZ202304110100000104
问题如下：
In his phone conversation with Boswin, Acertado least likely violates the CFA Institute Standard relating to:
选项：
A.suitability.
integrity of capital markets.
preservation of confidentiality.
解释：
Acertado least likely violates Standard III(C), which relates to suitability during his phone conversation with Boswin. According to the Standard, members in an advisory relationship with a client must determine an investment’s suitability within the context of the client’s portfolio. The Standard also requires that members make reasonable inquiries into a client or prospective client’s investment experience; risk and return objectives; and financial constraints prior to making investment recommendations. Boswin is neither a client nor a prospective client, thus Acertado is not bound by the Standard of Suitability during their conversation. Acertado is, however, in jeopardy of violating other Standards—specifically those relating to Integrity of Capital Markets and Preservation of Confidentiality by revealing material nonpublic information about a Smith & Garner client. According to Standard II(A), Acertado, who is in possession of material nonpublic information, must not act, nor cause others to act on the information. According to Standard III(E), members must keep information about current, former, and prospective clients confidential.
The next morning, after the firm has established the derivatives positions he recommended, Acertado calls Boswin. Knowing that his former associatewill be preparing Greenfield’s monthly newsletter, he tells her, “I ran Country Industries through your model and I think it is likely that they will receivean LBO offer.” Acertado explains some of the inputs he used in the model. At the conclusion of the conversation Boswin responds, “You may be right.Country Industries sounds like a possible LBO candidate, and thus, a sell rating on their senior bonds would be in order. If I’m lucky, I can finishresearching the issue in time to include the recommendation in the upcoming newsletter. Thanks. It was good talking with you, Robert.”
哪里体现了保密？
