问一道题：NO.PZ201604030300004404-有问必答-品职教育专注CFA ESG FRM CPA 考研等财经培训课程

问一道题：NO.PZ201604030300004404

* 问题详情，请查看题干

问题如下：

4. When recommending the mutual fund to Vanderon, does Klein violate any CFA Standards?

选项：

No.

Yes, relating to suitability.

Yes, relating to referral fees.

解释：

C is correct.

Klein violates Standard VI(C) relating to Referral Fees because he fails to provide appropriate disclosure. The Standard states that members must disclose the nature of the consideration or benefit—for example, whether flat fee or percentage basis; one¬time or continuing benefit; based on performance—together with the estimated monetary value. Although Klein acknowledges receipt of referral fees from the fund, he does not disclose an estimated dollar value or the nature of the consideration.

？？？？题目里他不是说了他会收到referal fee吗？？为什么还是不行

嗨，爱思考的PZer你好：

”题目里他不是说了他会收到referal fee吗？？为什么还是不行”

光说存在Refferal fee这件事不行，要做到appropriate disclosure，参考条款的规定（里面提到做到披露Appropriate）

Members and Candidates must disclose to their employer, clients, and prospective clients, as appropriate, any compensation, consideration, or benefit received from or paid to others for the recommendation of products or services.

关于appropriate disclosure，这个条款有进一步说明：

Appropriate disclosure包括：在提供业务之前，要披露任何Benefit；

Appropriate disclosure means that members and candidates must advise the client or prospective client, before entry into any formal agreement for services, of any benefit given or received for the recommendation

同时，必须要披露Benefit的实质，是Flat fee还是Percentage fee，是One-time还是持续的Benefit，是Cash还是Non-cash，并且要对Benefit做一个价值预估，披露里面不一定要对上面的每一项都做到披露，但是Benefit的实质必须要做到披露，所以仅仅说有Refferal fee是不行的：

the member or candidate must disclose the nature of the consideration or benefit—for example, flat fee or percentage basis, one-time or continuing benefit, based on performance, benefit in the form of provision of research or other noncash benefit—together with the estimated dollar value. Consideration includes all fees, whether paid in cash, in soft dollars, or in kind.

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问一道题：NO.PZ201604030300004404

1 个答案

1

5

994

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