CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Rachael Hirshliefer, CFA manages accounts for various clients with differing demographics and risk tolerances. Her firm purchases third party research and she follows up the recommendations with her own analysis. After she reaches a decision to buy or sell a particular asset, she does the same trades for all her clients. Has Hirshliefer likely violated the Standards?
A. No
B. Yes; Priority of Transactions
C. Yes; Suitability
Explanation: Clients may have differing risk-return objectives.

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