QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

6. A CFA charterholder is the Fund Manager for a non-profit organization. During a

presentation regarding the restructuring of their investment portfolio’s asset

allocation, the Head of the Finance Committee questions the manager. As part of

his response, the manager states, “I am a CFA charterholder, I know what I’m

talking about, you should do what I say”. According to the Standards of Practice

Handbook, has the charterholder violated any of the CFA Institute Standards of

Professional Conduct?

A. No.

B. Yes, Responsibilities as a CFA Institute Member.

C. Yes, Communication with Clients and Prospective Clients.

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