CFA Practice Question

There are 291 practice questions for this study session.

CFA Practice Question

Fredrick Heisenberg, CFA charterholder, manages accounts of several pension funds. Heisenberg knows the AQD Enterprises' CFO socially so he habitually votes with the management on AQD proxies without researching the proxy issues. Is Heisenberg in violation of the Standards?
A. Yes, Duty to Clients.
B. Yes, Diligence and Reasonable Basis.
C. No.
Explanation: May ignore (not vote on) unimportant proxies. If Heisenberg does vote, then he needs to research and vote according to the best interests of the shareholders.

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