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.