QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

15. Narupa Rhasta, CFA, is manager of the fast-growing individual account division

of a bank and treats all clients equally. When the bank’s research department

issues a buy or sell recommendation on a security, she ensures that the

recommended action is implemented in all accounts. Do Rhasta’s investment

actions violate any CFA Institute Standards?

A. No.

B. Yes, with respect to suitability.

C. Yes, with respect to diligence and a reasonable basis.

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