3 Jamison is a junior research analyst with Howard & Howard, a brokerage and investment banking firm. Howard & Howard’s mergers and acquisitions depart
ment has represented the Britland Company in all of its acquisitions for the past 20 years. Two of Howard & Howard’s senior officers are directors of various Britland subsidiaries. Jamison has been asked to write a research report on Britland. What is the best course of action for her to follow?
A Jamison may write the report but must refrain from expressing any opinions because of the special relationships between the two companies.
B Jamison should not write the report because the two Howard & Howard officers serve as directors for subsidiaries of Britland.
C Jamison may write the report if she discloses the special relationships with the company in the report.
答案：C。利益冲突讲的时候最好的是不要做任何的report，其次是放到restricted list里吗？A、B选项不就是在说这两条吗？
4 Which of the following statements clearly conflicts with the recommended procedures for compliance presented in the CFA Institute Standards of Practice Handbook?
A Firms should disclose to clients the personal investing policies and proce
dures established for their employees.
B Prior approval must be obtained for the personal investment transactions of all employees.
C For confidentiality reasons, personal transactions and holdings should not be reported to employers unless mandated by regulatory organizations.
答案：C。B项说的同意是来自employer的同意对吗？个人投资的持仓情况是不需要向客户和雇主披露的吧？只需要向客户披露相关的policy就行了吧？
