Ethical And Professional Standards - Ethical And Professional Standards Section 1
- Option : A
- Explanation : According to Standard VI(A) Disclosure of Conflicts, Griffin should disclose this personal transaction.
- Option : B
- Explanation : Refer to Standards I(A) Knowledge of the Law and III(C) Suitability. Members and candidates should understand that a single product cannot be suitable for all Islamic investors. The best way to deal with this situation is to clearly define which Islamic laws and regulations are being followed in the creation of the product and the types of investors for whom this fund will be suitable.
- A
continue to post her comments since her resident country does not impose any regulatory restrictions.
- B
discontinue immediately and wait for the restrictions to ease in the nonresident countries.
- C
seek guidance from appropriate, knowledgeable, and reliable sources to diligently follow legal and regulatory trends affecting her professional responsibilities.
- Option : C
- Explanation : According to Standard I(A) Knowledge of the Law Dilawez should adopt the stricter law.
- Option : B
- Explanation : Fritz should be independent and objective in her report. Alternatively, Brady Brokerage could place Saber Inc. on a restricted list and issue only factual information. Refer to Standard I(B) Independence and Objectivity.
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