CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Peter Chairly is a energy analyst with Tableless Brokers. He is invited by Vrich Energy to visit their oil fields in Siberia. Chairly stays at accommodation owned by Vrich adjacent to their oil fields, there being no other place to stay within hundreds of miles. Chairly visits the oil fields and chats with production supervisors. The accommodation and meals provided by Vrich are modest. Chairly returns from the trip and writes a report in which he gives a "buy" rating to Vrich Energy.
A. Peter is in violation of the Standards as during his trip he put himself in a situation where he may have received non-material public information.
B. Peter is in violation of the Standards as he has accepted benefits from Vrich.
C. Peter is not in violation of the Standards if after using his judgment he feels that the modest hospitality offered by Vrich did not compromise his independence.
Explanation: As there was no other accommodation available, and the services provided were modest, Chairly hasn't violated the Standards.

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