Ethical and Professional Standards Q94

94Brendon Frazer, a CFA candidate, is an analyst with ITI, an investment and brokerage company. ITI requires him to give a recommendation and research report every month on a different company. He is also enrolled in a university where he takes night classes to earn an MBA. Frazer has informed his employer of his enrollment in the university. Due to excessive workload he finds it difficult to complete his research report on a technology company on time. In order to save time he develops his report based on a few articles he read recently about the company and gives his „buy‟ recommendation. Frazer gives the reference of the articles in his report. Is Frazer‟s report and recommendation in compliance with the CFA Institute Standards of Practice?

Option : A
Explanation : Refer to Standard V(A) Diligence and Reasonable Basis.

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