QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

5.

Elbie Botha, CFA, an equity research analyst at an investment bank, disagrees with her research

team’s buy recommendation for a particular company’s rights issue. She acknowledges the

recommendation is based on a well-developed process and extensive research but feels the

valuation is overpriced based on her assumptions. Despite her contrarian view, her name is

included on the research report to be distributed to all of the investment bank’s clients. To

avoid violating any CFA Institute standards, it would be least appropriate for Botha to undertake

which of the following?

A. Leave her name on the report

B. Insist her name is removed from the report

C. Issue a new report based on her conclusions