单选题 Steven Brockman, CFA, is a sell-side analyst. Approximately half of Brockman's compensation comes form his firm's investment-banking division. Brockman is asked to write a report about Anacortes Concrete (AC) , an investment-banking client. Despite his concerns about a slowdown in concrete demand, Brockman issues a very positive report on AC. When issuing his report, Brockman least likely violates the CFA Institute Standard relating to:

A、

A. loyalty to employer.
B、

B. disclosure of conflicts.
C、

C. loyalty, prudence, and care.

【正确答案】 A

【答案解析】[分析] 根据执业操守标准Ⅲ (A)(忠诚，谨慎，关注)的相关规定，会员应基于其客户的利益进行各项活动，并将客户的利益置于其自身和雇主的利益之上。由本题题干可知，Brockman之所以发表有利于Anacortes公司的研究报告，主要是基于其所在公司及其自身利益的考虑，因而他的相关行为违反了执业操守标准Ⅲ (A)的规定。此外，由于Brockman的收入与其所发表的研究报告的具体内容相挂钩，从而导致其发表的研究报告的独立性和客观性受到严重影响。考虑到其股东利益与潜在客户的利益存在潜在冲突，Brockman应当对客户披露上述冲突，亦即将其自身的收入与研究报告之间的联系告知其客户。 [考点] 对客户的义务；利益冲突