NO.PZ2023021602000046
问题如下:
Sherry Buckner, CFA, manages equity accounts for government entities whose portfolios are classified as being conservative and risk averse. Since the objective of her clients is to maximize returns with the lowest possible risk, Buckner considers adding to their holdings a new, thinly traded, leveraged derivative product that she believes has the potential for high returns. To make her investment decision, Buckner relies upon comprehensive research from an investment bank with a solid reputation for top quality research. After her review of that research, Buckner positions her accounts so each has a 10% allocation to the derivative product. Did Buckner most likely violate any CFA Institute Standards of Professional Conduct by purchasing the derivative product for her clients?
选项:
A.No.
B.Yes, related to Suitability.
C.Yes, related to Loyalty, Prudence, and Care.
解释:
B is correct as Buckner is in violation of Standard ll(C) since she did not consider issues such as the limited liquidity or any potential leverage of this new product when she invested a substantial percentage of her clients' portfolios in these instruments.A is incorrect because Buckner violated the suitability Standard.C is incorrect because Buckner relied upon comprehensive research from the investment bank.为什么少量的衍生品对冲也不符合啊 这个不属于违反了suitability呀