Conflict of interest

问题如下：

Gardner Knight, CFA, is a product development specialist at an investment bank. Knight is responsible for creating and marketing collateralized debt obligations (CDOs) consisting of residential mortgage bonds. In the marketing brochure for his most recent CDO, Knight provided a list of the mortgage bonds that the CDO was created from. The brochure also states "an independent third party, the collateral manager, had sole authority over the selection of all mortgage bonds used as collateral in the CDO.” However, Knight met with the collateral manager and helped her select the bonds for the CDO. Knight is least likely to be in violation of which of the following CFA Institute Standards of Professional Conduct?

选项：

A.Suitability B.Conflicts of Interest C.Client communication

解释：

A is correct because there is no indication that the investment is unsuitable for investors and in violation of Standard III(C)-Suitability.B is incorrect because the conflict of interest represented when the bank selects the bonds making up the CDO, instead of the collateral manager, should be disclosed as required by Standard VI(A)-Disclosure of Conflicts.C is incorrect because the basic format and general principles of the investment processes used to analyze investments, select securities, and construct portfolios should be disclosed as required by Standard V(B)-Communication with Clients and Prospective Clients, and any changes that might materially affect those processes must be promptly disclosed.