单选题 Michael Jackson, CFA, works for a Privately Offered Fund Company as a portfolio manager. The firm purchases investment research about IT industry from a third-party independent research institution which the firm determines has a sound research basis and continuous reliability. Jackson communicates information from the third-party research to his retail and institutional clients but does not disclose the source. Jackson has most likely violated the Standards of Professional Conduct relating to:
A. the Standards regarding disclosure of conflicts.
B. the Standards regarding misrepresentation.
C. the Standards regarding diligence and reasonable basis.

【正确答案】 B

【答案解析】[解析] 该CFA会员使用该第三方研究机构的投资研究成果是经过了公司的尽职调查，认为是有合理证据的并且持续可靠，所以该行为并没有违反勤勉尽责和合理证据(diligence and reasonable basis)的标准，但是他没有向会员指明所使用研究信息的出处，这一点违反了虚假陈述(misrepresentation)的规定，至于利益冲突的披露(disclosure of conflicts)在试题中并没有涉及。