QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

2. According to the Standards of Practice Handbook, a member who is an

investment manager is least likely to breach his duty to clients by:

A. disclosing confidential client information to the CFA Institute Professional

Conduct Program.

B. using client brokerage to purchase goods or services that are used in the

investment decision-making process.

C. consistently supporting management’s recommendations by voting with

management on proxies related to non-routine governance issues.