问题 单项选择题

A money manager, who is a member of CFA Institute, suggests during phone calls to his clients that, "I hope you will relay to your friends the great returns I earned for you this past year. " The manager had generated above average returns in the past year. Is this a violation of Standard Ⅲ (D) , Performance Presentation()

A. Yes, because the Standard forbids members asking their clients to say anything about how well the member has done.

B. No, because the request was made orally and not in writing.

C. Yes, because the intended message fails the test of completeness as required under the standard.

答案

参考答案:C

解析:

Standard Ⅲ (D) requires that members communicate performance in a fair, accurate, and complete fashion, and covers both written and oral communication. Asking someone to advertise only one year’s performance is unlikely to be representative since this constitutes a timeframe that is too short.

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