Ethical and Professional Standards Q69

0. TriStar Money Management wants to invest in emerging market on behalf of its high-net-worth clients and hires Brent Emory, an independent consultant to solicit proposals from various advisers. Emory after considerable due diligence provides a list of managers based on their successful performance in the emerging market, but promotes Asian Tigers as the most competent. TriStar selects Asian Tigers as the new manager from Emory‟s list and further reviews the selected new manager to ensure that Asian Tigers is the appropriate investment manager for its clients. During the review, TriStar discovers that Emory was being paid by Asian Tigers to promote their services. Even though Emory was being paid by both parties, TriStar‟s investigation proves that the recommendation was objective and appropriate. Emory has least likely violated the Standard related to:

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Option : B
Explanation : No violation of Standard VI(B) Priority of Transactions is committed by Emory.

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