Question
When a client insists on an unsuitable unsolicited trade, when may a portfolio manager still execute it under Standard III(C)?
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Answer
After warning the client and documenting the client's insistence.
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Question
Why is executing an unsolicited unsuitable client trade without documentation non-compliant under Standard III(C)?
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Answer
The manager must document the warning and client instruction.
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Question
If a manager executes a trade based on material nonpublic merger information for a client portfolio, which client-duty Standard is also implicated?
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Answer
Standard III(A) Loyalty, Prudence, and Care.
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Question
In CFA ethics questions, why should you identify all possible Standards before choosing the 'most directly' violated one?
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Answer
Because one scenario can breach multiple Standards simultaneously.
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