QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

10. Henrietta Huerta, CFA, writes a weekly investment newsletter to market her services and obtain

new asset management clients. A third party distributes the free newsletter on her behalf to

those individuals on its mailing list. As a result, it is widely read by thousands of individual

investors. The newsletter recommendations reflect most of Huerta’s investment actions. After

completing further research on East-West Coffee Roasters, Huerta decides to change her initial

buy recommendation to a sell. To avoid violating the CFA Institute Standards of Professional

Conduct it would be most appropriate for Huerta to distribute the new investment

recommendation to:

A. newsletter recipients first.

B. asset management clients first.

C. newsletter recipients and asset management clients simultaneously.