NO.PZ201604030300004101
问题如下：
1. According to the CFA Institute Standards of Professional Conduct, Locke owes his primary duty of loyalty in managing the Fund to:
选项：
A. the plan trustees.
B. all of the pension plan beneficiaries.
C. the Escarpment Regional Government.
解释：
B is correct.
Locke’s primary duty is to his clients. In the case of a pension plan, the clients are all of the ultimate beneficiaries.
他不是只是C的CIO吗？