QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS

9. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
9. Jorge Lopez, CFA, is responsible for proxy voting on behalf of his bank’s asset management clients. Lopez recently performed a cost–benefit analysis, showing that proxy-voting analysis might not benefit the bank’s clients. As a result, Lopez immediately changes the proxy-voting policies and procedures without informing anyone else of the change. Lopez now votes client proxies on the side of management on all issues with the exception of major mergers where a significant impact on the stock price is expected. Lopez least likely violated the CFA Institute Standards of Professional in regard to: A. cost–benefit analysis. B. voting with management. C. proxy-voting policy disclosures.