NO.PZ202403070100000804
问题如下：
Does the inclusion of Paladin’s stock in the small-cap value mutual fund most likely violate any of the CFA Institute Standards of Professional Conduct?选项：
A.No. B.Yes, Robinson violates with respect to suitability. C.Yes, Stevens violates with respect to her responsibilities to supervise.解释：
Solution-
Correct. No violation has taken place. Standard III(A)–Loyalty, Prudence, and Care states that investment decisions may be judged in the context of the total portfolio rather than by individual investments within the portfolio. Robinson has satisfied his duty by thoroughly considering Paladin’s place in the overall portfolio.
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Incorrect. Standard III(C)–Suitability requires members and candidates to judge the suitability of investments in the context of the client’s total portfolio. While the purchase of what appears to be a growth stock in a value portfolio might be questionable, it fits nicely in the overall context of the portfolio. Additionally, the portfolio characteristics with the inclusion of Paladin continue to clearly remain in the small cap value style.
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Incorrect. Standard IV(C)–Responsibilities of Supervisors requires members and candidates to make reasonable efforts to detect and prevent violations of applicable laws, rules, regulations, and the Code and Standards by anyone subject to their supervision or authority. Stevens has fulfilled her responsibility by reviewing the trades and seeking additional information when she had questions.
- 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
在小盘价值型基金组合中购入大盘成长股，这个难道不违反准则？
