单选题
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.
【正确答案】
C
【答案解析】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.