问题如下图：
选项：
A. 
B. 
C. 
解释：
发亮_品职助教 · 2019年02月21日
这道题选的就是B，没有违反任何准则；
这道题算是一道比较难的题目，里面的人物关系比较多；
Farnsworth是一个基金经理，管理着Jones员工持股计划的账户。然后Jones的老板让Farnsworth投票给自己提名的几个Directers；中间说了一大堆废话，说Farnsworth不想失去管理这个Jones这个员工计划账户的机会，因为他把这个账户指定给了一个交易中介做交易，这个中介会给Farnsworth提供很多的信息，这些信息尽管对Jones员工计划账户没用，但是Farnsworth可以用在其他账户上受益。并且这个交易中介，交易费用最低，并且提供Best execution。然后Farnsworth经过调查发现，Jones老板提名的Directors对公司长远发展有利，所以就投了。
首先虽然老板让Farnsworth投自己提名的Directors，但是Farnsworth并没有直接投，而是做了调查，发现老板提名的Directors真的对公司有帮助，所以就投了，这点没有违反准则，而且符合员工持股计划的利益；如果Farnsworth没做调查，就直接按照老板要求投了，那么违反了Loyalty to clients;因为他真正的客户是员工持股计划的受益者员工，他应该对这些员工负责，投一个对公司有利的Directors；
第二点，Farnsworth把员工计划账户放在了一个交易中介，交易中介给了各类信息，虽然这类信息没能用在员工计划账户上，但是员工计划账户并没有为此信息多支付一分钱，因为交易中介提供的是交易费用最低，并且提供Best execution的服务。所以这条也没有违反。
如果说，Farnsworth为了获得此类信息，用员工计划账户支付了更高的交易费用，并且这个信息没有用在员工计划账户上，那么Farnsworth就违反了loyalty to clients这条。
NO.PZ2016040301000014 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. 老师，请问题干是什么意思呀，可以讲解一下吗？
NO.PZ2016040301000014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. Farnsworth不想失去管理这个Jones这个员工计划账户的机会，因为他把这个账户指定给了一个交易中介做交易，这个中介会给Farnsworth提供很多的信息，这些信息尽管对Jones员工计划账户没用，但是Farnsworth可以用在其他账户上受益。这里她获得的soft llor 是给别的投资交易获利而不是员工计划账户本身 也不冲突吗？
NO.PZ2016040301000014 最后一句话，broker提供了一些无用的信息给投资经理，即使投资经理没有付费给broker这没关系。 我理解了一下这一整段的解析，是不是说要在保证soft llor只要是best excution anbest commission，并且将这些soft llar披露给客户，其他附加信息不管是什么都不违反这条 loyto client? 我理解的对吗？
NO.PZ2016040301000014 not violate the Stanr in voting the shares in the manner requesteJones or in recting tras to the brokerage firm. 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. 老师你好，请问下题目中the slate of rectors这个句子和slate是什么意思？
请问老师 这题主人公获得了SOFT LLOR且没有披露，为什么没有违反相应准则