CFA Practice Question

CFA Practice Question

Gary Taylor is an equity analyst with Bronson Brokerage. He has concluded that the stock of Mark's Markets is overpriced. Given the good relationship between the investment-banking division of Bronson Brokerage and Mark's Markets, what should he include in his research report?
A. He should include any and all information relevant, regardless of the positive or negative implications for his firm and for Mark's Markets. Objectivity is of the utmost importance.
B. He should include all of the favorable information, but very little of the unfavorable. While objectivity is important, Gary must also think about the benefit to his firm.
C. He should spin the negative information to sound more positive, but still include it. Objectivity is important, but as long as he is not directly dishonest, he is still behaving ethically.
Explanation: He should include any and all information relevant, regardless of the positive or negative implications for his firm and for Mark's Markets. Objectivity is of the utmost importance.

User Contributed Comments 2

User Comment
mary11 What about not harming the employer?
bidisha Clients come before employers
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