CFA Practice Question
Bill Hodge's firm advertises its performance by showing a 10 year composite of its client's accounts. Hodge discovered that this composite excludes some less than favorable accounts in order to inflate the appearance of the firm's performance. If Hodge is asked to distribute this information in order to get new clients, what should he do?
A. Refuse to distribute inaccurate information, as it is a violation of the CFA Institute's Code and Standards.
B. Distribute the inaccurate information, because as long as he did not compile the information, it is not a violation of the Code and Standards.
C. Distribute the inaccurate information, but submit a letter of complaint to the employer.
Explanation: He should refuse to distribute inaccurate information, as it is a violation of the CFA Institute's Code and Standards.
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