QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

8.

Charles Mbuwanga, a Level III CFA Candidate, is the business development manager for Sokoza

Investment Group, an investment management firm with high-net-worth retail clients

throughout Africa. Sokoza introduced listed Kenyan Real Estate Investment Trusts (REITs) to its

line of investment products based on new regulations introduced in Kenya so as to diversify its

product offering to clients. The product introduction comes after months of researching Kenyan

property correlations with other property markets and asset classes in Africa. Sokoza assigns

Mbuwanga as part of the sales team in introducing this product to its clients across Africa.

Mbuwanga subsequently determines most of Sokoza’s clients’ portfolios would benefit from

having a small Kenyan property exposure to help diversify their investment portfolios. By

promoting the Kenyan REITs for Sokoza’s client portfolios as planned, Mbuwanga would least

likely violate which of the following standards?

A. Suitability

B. Knowledge of the Law

C. Independence and Objectivity