Reading 03 guidance for standards i VII questions and answers
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Reading 03 guidance for standards i VII questions and answers
Reading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to partici Reading 03 guidance for standards i VII questions and answers ipants in the firm's 401 (k) plan. One of the investment options is a stable value fund run by the company. Stevens' research indicates that the fund is far riskier and less liquid than the typical stable value fund and has a fundamental asset value lower than the book value of the assets He tells J Reading 03 guidance for standards i VII questions and answers essica Cox. the head of employee benefits, about his research, and indicates that he will advise new employees to not invest in the fund and will adviReading 03 guidance for standards i VII questions and answers
se employees who already own the fund to reduce their holdings in the fund. Cox points out that the fund is not in any current danger because there arReading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to partici Reading 03 guidance for standards i VII questions and answers edeem their shares and forcing the fund to liquidate, which in turn will cause the remaining investors to receive less than their promised value. Stevens agrees with this assessment and feels his fiduciary duty is to all employees. Stevens should:X A) continue to recommend that new investors do not Reading 03 guidance for standards i VII questions and answers invest in the fund, but not advise existing investors to reduce their holdings./ B) continue to recommend that new investors do not invest in the fundReading 03 guidance for standards i VII questions and answers
and existing investors reduce their holdings.X C) tell investors he cannot give advice on the fund because of a conflict of interest.ExplanationThe eReading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to partici Reading 03 guidance for standards i VII questions and answers ventually become clients.ReferencesQuestion From: Session 1 > Reading 3 > LOS a. b. cRelated Material:• Key Concepts by LOSQuestion #2 of 71Question ID: 412705In the course of reviewing the Corn Co., an analyst has received comments from management that, while not meaningful by themselves, when piec Reading 03 guidance for standards i VII questions and answers ed together with data he has accumulated from outside sources, lead him to recommend placing Corn Co. on his firm's sell list. What should the analystReading 03 guidance for standards i VII questions and answers
do?X A) Show his report to his own manager and counsel for their review since this information has become material once it was combined with his analReading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to partici Reading 03 guidance for standards i VII questions and answers ssue the report until the comments are publicly announced.ExplanationThis is an example of the mosaic theory where separate pieces of nonmaterial information are pieced together to make an investment recommendation.https://khothuvien.coniReferencesQuestion From: Session 1 > Reading 3 > LOS a, b, cRe Reading 03 guidance for standards i VII questions and answers lated Material:• Key Concepts by LOSQuestion #3 of 71Question 10:412680Randal Brooks IS the chief economist for a large brokerage firm. In the aftermaReading 03 guidance for standards i VII questions and answers
th of a national tragedy, Brooks feels that It is very possible that the stock market will drop significantly and not recover for several years. HowevReading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to partici Reading 03 guidance for standards i VII questions and answers rket commentary to the brokerage diems that discusses the reasons why the market will remain stable and talks about why he. as a private citizen, feels patriotic. He does not mention the increase risk In equities. Brooks has:y A) violated the Standards by not including all of the relevant factors in Reading 03 guidance for standards i VII questions and answers the research report, but not by making patriotic statements.X B) not violated the Standards.X C) violated the Standards by not including all of the rReading 03 guidance for standards i VII questions and answers
elevant factors in the research report and making patriotic statements.ExplanationBy not mentioning the increased risk of the market. Brooks has violaReading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to partici Reading 03 guidance for standards i VII questions and answers From: Session 1 > Reading 3 > LOS a. b, cRelated Material:• Key Concepts by LOSQuestion #4 of 71Question 10:412708The use of client brokerage by an investment manager to obtain certain products and services to aid the manager in the investment decision-making process is called: Reading 03 guidance for standards i VII questions and answers Reading 3: Guidance for Standards l-VIIQuestion #1 of 71Quests ID: 724373Jack Stevens is employed by a company to provide investment advice to particiGọi ngay
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