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🐚 · 2024年10月22日

为什么A不对呢

NO.PZ2023021602000035

问题如下:

Henrietta Huerta, CFA, writes a weekly investment newsletter to market her services and obtain new asset management clients. A third party distributes the free newsletter on her behalf to those individuals on its mailing list. As a result, it is widely read by thousands of individual investors. The newsletter recommendations reflect most of Huerta's investment actions. After completing further research on East-West Coffee Roasters, Huerta decides to change her initial buy recommendation to a sell. To avoid violating the CFA Institute Standards of Professional Conduct, it would be most appropriate for Huerta to distribute the new investment recommendation to:

选项:

A.newsletter recipients and asset management clients simultaneously. B.asset management clients first. C.newsletter recipients first.

解释:

According to Standard III(A): Loyalty, Prudence, and Care, members and candidates must place their clients' interests before their own interests. The temptation may be to release the changed recommendation to newsletter recipients simultaneously with or even before the asset management clients to try to obtain new clients. But to avoid violating Standard III(A), Huerta must ensure any change in an investment recommendation is first distributed to her asset management clients before any newsletter recipients, who are not necessarily clients (that is, they receive the newsletter for free from a third-party distribution list).

如题

1 个答案

王暄_品职助教 · 2024年10月22日

选项A:“newsletter recipients and asset management clients simultaneously”(同时向新闻订阅者和资产管理客户发布)。

如果Huerta选择同时向新闻订阅者和资产管理客户发布更改后的投资建议,她可能会面临一个问题:新闻订阅者并不是她的客户,他们只是免费接收她的新闻订阅,而资产管理客户是她需要优先考虑的。

同时发布可能会给资产管理客户带来不公平的劣势,因为新闻订阅者可能会基于新的建议采取行动,而资产管理客户则可能因为信息延迟而错过最佳行动时机。


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