问题如下图：
选项：
A. 
B. 
C. 
解释：
发亮_品职助教 · 2018年06月06日
这道题出现了多个事情，比较复杂。碰到这种复杂的情况，先看事件A有没有违反，确定了好事件A，再去判断事件B。做法就是在题干中找到与A有关的描述，然后分析。交错在一起分析的话容易混乱。
出现的第一个事件是，客户Jone要求基金经理在股东投票中，投票给Jone这边的提案。
Jones asked Farnsworth to vote the shares in the profit-sharing plan in favor of the slate of directors nominated by Jones Corporation and against the directors sponsored by a dissident stockholder group.
然后有描述，这个基金经理不想失去这个客户等等。
关于投票这件事，基金经理经过调查后，发现投Jone这边，会对公司的长期发展有利，然后就投了Jone这边。
Farnsworth investigates the director issue, concludes that the management-nominated slate is better for the long-run performance of the company than the dissident group's slate, and votes accordingly.
所以从投票这件事上，基金经理没有违反，因为虽然客户要求这么做了，但是他经过调查发现该投Jone这边，也按照调查结果去做了。
第二件事是：基金经理将Jone账户的所有交易放在这家Brokerage，因为这家经纪公司提供的信息非常有用，但是提供的信息对Jone的交易没有任何帮助，只能帮助基金经理交易其他人的账户。
并且：
The brokerage firm providing this information also offers the lowest commissions for trades and provides best execution.
经纪公司提供的是.lowest commisions，和best execution。
所以基金经理选择这家经纪公司是没有问题的，因为是best execution，lowest commissions；
此外，经纪公司提供的信息，没有用在Jone的账户上，用在他人的账户交易上；这算不算违规？
这是不算的，因为基金经理并没有为这些信息多收取Jone commission；所以不是Jone的soft dollar。这也是不违规的。所以答案选B
NO.PZ2016032801000014 问题如下 One of the scretionary accounts manageFarnsworth is the Jones Corporation employee profit-sharing plan. Jones, the company presint, recently askeFarnsworth to vote the shares in the profit-sharing plin favor of the slate of rectors nominateJones Corporation anagainst the rectors sponsorea ssint stockholr group. Farnsworth es not want to lose this account because he rects all the account’s tras to a brokerage firm thprovis Farnsworth with useful information about tax-free investments. Although this information is not of value in managing the Jones Corporation account, it es help in managing severother accounts. The brokerage firm proving this information also offers the lowest commissions for tras anprovis best execution. Farnsworth investigates the rector issue, conclus ththe management nominateslate is better for the long-run performanof the company ththe ssint group’s slate, anvotes accorngly. Farnsworth: A.Violatethe Stanr in voting the shares in the manner requesteJones but not in recting tras to the brokerage firm. B.not violate the Stanr in voting the shares in the manner requesteJones or in recting tras to the brokerage firm. C.Violatethe Stanr in recting tras to the brokerage firm but not in voting the shares requesteJones. B is correct.This question relates to StanrIII(–Loyalty, Prunce, anCare — specifically, a member’s or cante’s responsibility for voting proxies anthe use of client brokerage. Accorng to the facts statein the question, Farnsworth not violate StanrIII(A). Although the company presint askeFarnsworth to vote the shares of the Jones Corporation profit-sharing pla certain way, Farnsworth investigatethe issue anconclu inpenntly, the best wto vote. Therefore, even though his cision coinciwith the wishes of the company presint, Farnsworth is not in violation of his responsibility to loyanto provi care to his clients. In this case, the participants anthe beneficiaries of the profit-sharing plare the clients, not the company’s management. HFarnsworth not investigatethe issue or hhe yielto the presint’s wishes anvotefor a slate of rectors thhe hterminewnot in the best interest of the company, Farnsworth woulhave violatehis responsibilities to the beneficiaries of the plan. In aition, because the brokerage firm provis the lowest commissions anbest execution for securities transactions, Farnsworth hmet his obligations to the client in using this brokerage firm. It es not matter ththe brokerage firm also provis researinformation this not useful for the account generating the commission because Farnsworth is not paying extra money of the client’s for thinformation. 我理解的这两件事儿一点也不冲突啊，那为什么原文说“Farnsworth es not want to lose this account because he rects all the account’s tras to a brokerage firm thprovis Farnsworth with useful information about tax-free investments. ”搞得好像必须要二选一一样？
NO.PZ2016032801000014问题如下One of the scretionary accounts manageFarnsworth is the Jones Corporation employee profit-sharing plan. Jones, the company presint, recently askeFarnsworth to vote the shares in the profit-sharing plin favor of the slate of rectors nominateJones Corporation anagainst the rectors sponsorea ssint stockholr group. Farnsworth es not want to lose this account because he rects all the account’s tras to a brokerage firm thprovis Farnsworth with useful information about tax-free investments. Although this information is not of value in managing the Jones Corporation account, it es help in managing severother accounts. The brokerage firm proving this information also offers the lowest commissions for tras anprovis best execution. Farnsworth investigates the rector issue, conclus ththe management nominateslate is better for the long-run performanof the company ththe ssint group’s slate, anvotes accorngly. Farnsworth: A.Violatethe Stanr in voting the shares in the manner requesteJones but not in recting tras to the brokerage firm. B.not violate the Stanr in voting the shares in the manner requesteJones or in recting tras to the brokerage firm. C.Violatethe Stanr in recting tras to the brokerage firm but not in voting the shares requesteJones. B is correct.This question relates to StanrIII(–Loyalty, Prunce, anCare — specifically, a member’s or cante’s responsibility for voting proxies anthe use of client brokerage. Accorng to the facts statein the question, Farnsworth not violate StanrIII(A). Although the company presint askeFarnsworth to vote the shares of the Jones Corporation profit-sharing pla certain way, Farnsworth investigatethe issue anconclu inpenntly, the best wto vote. Therefore, even though his cision coinciwith the wishes of the company presint, Farnsworth is not in violation of his responsibility to loyanto provi care to his clients. In this case, the participants anthe beneficiaries of the profit-sharing plare the clients, not the company’s management. HFarnsworth not investigatethe issue or hhe yielto the presint’s wishes anvotefor a slate of rectors thhe hterminewnot in the best interest of the company, Farnsworth woulhave violatehis responsibilities to the beneficiaries of the plan. In aition, because the brokerage firm provis the lowest commissions anbest execution for securities transactions, Farnsworth hmet his obligations to the client in using this brokerage firm. It es not matter ththe brokerage firm also provis researinformation this not useful for the account generating the commission because Farnsworth is not paying extra money of the client’s for thinformation.他投票和调查好像有先后关系，先投票后调查，和何璇老师说的，不要看后面的和观点，看事实，他投票的时候就是不想lose这单交易。
NO.PZ2016032801000014问题如下One of the scretionary accounts manageFarnsworth is the Jones Corporation employee profit-sharing plan. Jones, the company presint, recently askeFarnsworth to vote the shares in the profit-sharing plin favor of the slate of rectors nominateJones Corporation anagainst the rectors sponsorea ssint stockholr group. Farnsworth es not want to lose this account because he rects all the account’s tras to a brokerage firm thprovis Farnsworth with useful information about tax-free investments. Although this information is not of value in managing the Jones Corporation account, it es help in managing severother accounts. The brokerage firm proving this information also offers the lowest commissions for tras anprovis best execution. Farnsworth investigates the rector issue, conclus ththe management nominateslate is better for the long-run performanof the company ththe ssint group’s slate, anvotes accorngly. Farnsworth: A.Violatethe Stanr in voting the shares in the manner requesteJones but not in recting tras to the brokerage firm. B.not violate the Stanr in voting the shares in the manner requesteJones or in recting tras to the brokerage firm. C.Violatethe Stanr in recting tras to the brokerage firm but not in voting the shares requesteJones. B is correct.This question relates to StanrIII(–Loyalty, Prunce, anCare — specifically, a member’s or cante’s responsibility for voting proxies anthe use of client brokerage. Accorng to the facts statein the question, Farnsworth not violate StanrIII(A). Although the company presint askeFarnsworth to vote the shares of the Jones Corporation profit-sharing pla certain way, Farnsworth investigatethe issue anconclu inpenntly, the best wto vote. Therefore, even though his cision coinciwith the wishes of the company presint, Farnsworth is not in violation of his responsibility to loyanto provi care to his clients. In this case, the participants anthe beneficiaries of the profit-sharing plare the clients, not the company’s management. HFarnsworth not investigatethe issue or hhe yielto the presint’s wishes anvotefor a slate of rectors thhe hterminewnot in the best interest of the company, Farnsworth woulhave violatehis responsibilities to the beneficiaries of the plan. In aition, because the brokerage firm provis the lowest commissions anbest execution for securities transactions, Farnsworth hmet his obligations to the client in using this brokerage firm. It es not matter ththe brokerage firm also provis researinformation this not useful for the account generating the commission because Farnsworth is not paying extra money of the client’s for thinformation.在获取服务是最低价和最好execution情况下，这里获取的资源是不是直接有利于客户才算不违反？如果免费获取的资源不是直接利于客户而是对自己个人有利，是不是就算违反了？
NO.PZ2016032801000014 老师，这里面两个问题。 一个是投票的问题，违反在何处呢？ 另一个是拿到软性好处的问题，又有何违反呢？
不应该选c吗？？老师