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Sofia nice · 2024年08月13日

两个

NO.PZ2016032802000043

问题如下:

Tribe Dish, a portfolio manager in Dove Company. Recently, he establishes a cooperation with an asset management company called Lemon. The cooperation states that if he can introduce potential clients to Lemon, it can give Dove business in return. Lemon then discloses this cooperation in the report to his clients as long as they receive clients from Tribe. According to the information, which of the following statements is most likely correct?

选项:

A.

Lemon doen't violate the Code and Standards.

B.

Lemon violates the Code and Standards by disclosing this cooperation to the clients.

C.

Lemon violates the Code and Standards by establishing this cooperation.

解释:

A is correct.

According to Standard VI(C) Referral Fees, Lemon complies with this standard. When Lemon receives the clients, he will write a report to disclose this cooperation in advance.

1、不是应该在建立合作之前就批露吗?那都收到客户了,才批露,不晚吗 ?没看到题目哪里体现出提前的?

2、Tribe Dish违反了吗?

1 个答案

王暄_品职助教 · 2024年08月14日

关于披露的时间点:

准则VI(C)关于推介费的规定确实要求披露相关的利益安排,但关键在于披露必须“及时、全面且公平”。在这个案例中,Lemon在收到由Tribe Dish介绍的客户后,在报告中披露了这一合作关系。虽然理想情况下,披露应该在建立合作关系之前或至少在与潜在客户接触之初进行,但准则并没有明确规定必须在建立合作之前披露。重要的是,Lemon确实进行了披露,且披露是在实际发生利益交换之后,这仍然符合“及时”的要求,尽管从最佳实践的角度来看,更早的披露会更为理想。

关于Tribe Dish是否违反规定:

在这个案例中,没有直接的信息表明Tribe Dish违反了CFA的道德准则。他作为Dove Company的投资组合经理,与Lemon建立了合作关系,并介绍潜在客户以换取业务。只要这种合作是基于双方的真实意愿,且披露是适当的,那么Tribe Dish的行为本身并不构成违规。然而,如果Tribe Dish在推介过程中使用了误导性或不实的信息,或者没有充分披露他与Lemon之间的利益关系,那么他可能会违反关于沟通和推介的相关准则。但根据目前提供的信息,我们不能断定Tribe Dish违反了规定。

综上所述,Lemon在收到客户后的披露行为虽然稍晚,但仍然符合“及时”的披露要求,因此不违反准则。而关于Tribe Dish,根据目前的信息,我们不能确定他是否违反了CFA的道德准则。

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