Ethical and Professional Standards Q96

0. Phillip Cochran, a CFA charterholder, is a portfolio analyst with Frazier Trust, and manages the portfolio of Dennis Quad. Although Cochran receives a salary from his employer, Quad tells him that “any year my portfolio exceeds a rate of return of 16% before tax; you can fly to Paris at my expense and use my apartment for a week”. Cochran fails to inform his employer of the arrangement and his vacation in Paris the following year. Cochran most likely violated the CFA Institute Standards of Professional Conduct related to:

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Option : A
Explanation : Refer to Standard III(D) Performance Presentation.

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