Ethical And Professional Standards - Ethical And Professional Standards Section 1
- A
deal fairly and objectively with all the fee-paying clients when providing investment recommendations, taking investment action or engaging in other professional activities.
- B
ensure that anyone under their supervision complies only with the Code and Standards.
- C
not accept gifts, benefits or compensation if it creates a conflict with their employer’s interest unless they obtain written consent from all parties involved.
- Option : C
- Explanation : A is incorrect because they must deal fairly and objectively with all clients, not just fee-paying clients. B is incorrect they must comply with applicable laws, not just domestic laws.
- Option : A
- Explanation : Members and Candidates must reveal information when required by the law, or when the client is involved in illegal activities.
- A
who possess nonmaterial nonpublic information that could affect the value of an investment must not act or cause others to act on the information.
- B
who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information.
- C
who possess nonmaterial public information that could affect the value of an investment must not act or cause others to act on the information.
