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Basic Question 4 of 7
Ella Hill is an investment advisor. To her clients, she recommends XQP - an equity fund - that takes aggressive positions. Over the years, XQP's average return has beaten market indices, albeit with significantly higher volatility. Hill's clients are young professionals accumulating money for retirement more than two decades away. Jason Turner is a retired professor who supplements his pension by drawing down his savings. Hill recommends that Turner invest his savings with XQP. By making the recommendation to Turner, Hill has violated the Standards relating to:
B. suitability of investments and communication with prospective clients.
C. only suitability of investments.
A. only communication with prospective clients.
B. suitability of investments and communication with prospective clients.
C. only suitability of investments.
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;
explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.
CFA® 2025 Level II Curriculum, Volume 6, Module 45.