SANJAY GUPTA, CFA, HAS BEEN HIRED BY THE FIRST FAITHFUL CHURCH TO...

8. Sanjay Gupta, CFA, has been hired by the First Faithful Church to manage the pension plan’s equity portfolio. The plan trustees tell Gupta that stocks of companies involved in the sale of alcohol, tobacco, gambling, or firearms are not acceptable investments, Gupta believes that he can reasonably execute his strategy with restriction. Does Gupta violate the CFA Institute Standards of Professional Conduct? A. No. B. Yes, because the restrictions provided in the guidelines are not in the best interest and objectives of the client. C. Yes, because Gupta should construct the portfolio with these limitations since he can execute on the strategy.