Jack Steyn, CFA, recently became the head of the trading desk at a large investment managementfirm that specializes in domestic equities. While reviewing the firm's trading operations, he notices clients give discretion to the manager to select brokers on the basis of their overall services to themanagement firm. Despite the client directive, Steyn would most likely violate Standard Ill(A): Loyalty, Prudence, and Care if he pays soft commissions for which of the following services from thebrokers?
Therefore, members and candidates are required to use client brokerage only to the benefit of the clients (soft commissions policy). Because the firm specializes in domestic equities, an offshore investment database service would not benefit the clients.