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Basic Question 0 of 5
Frank should disclose to clients about companies he recommends if ______
II. he is acting as the company's market maker.
III. he has a 30% ownership of the company.
IV. he is a director in the company.
I. he has an underwriting relationship with the company.
II. he is acting as the company's market maker.
III. he has a 30% ownership of the company.
IV. he is a director in the company.
User Contributed Comments 6
| User | Comment |
|---|---|
| ggupta | yes..anything which is expected to raise concern about the conflict on Interest..provide appropriate disclosures |
| JimM | What about a mere 25% ownership in the company? |
| bundy | Any ownerhip |
| oncewerepirates | What about a mere 20% ownership in the company? |
| johntan1979 | Even if you have 0.001 share ownership. The CFA Standard VI(A) does not specify the percentage ownership, so it means ANY amount of ownership. |
| MapherRdz | Yeah, any ownership must be disclosed not only if you have equal or more than the 30% |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2024 Level I Curriculum, Volume 6, Module 3.