问题如下：
4. When recommending the mutual fund to Vanderon, does Klein violate any CFA Standards?
选项：
A.No.
B.Yes, relating to suitability.
C.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.
是否也没满足B提到的suitability呢？经理一直在说收益高，但没有提到是否符合客户IPS的要求。
