2.) In Statement 1, CleanTech management most likely violated the CFA Institute Standards
of Professional Conduct with regard to their comments on:
A. clean technology sector returns.
B. investment analytics software.
C. solar power company investment.
Answer = C
"Guidance for Standards I–VII," CFA Institute Standard V(B): Communication with Clients and Prospective Clients; Standard I(C): Misrepresentation The performance return claim is a violation of Standard V(B): Communication with
Clients and Prospective Clients, which requires opinion to be separated from fact. In
addition, Standard I(C): Misrepresentation prohibits members and candidates from
guaranteeing clients any specific return on volatile investments. In the case of complex
analyses, such as proprietary investment analytics software used by CleanTech, analysts
must clearly separate fact from statistical conjecture and should identify the known
limitations of an analysis, which has been done.
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