Mega Securities, a multinational investment advisor based in the United States, employs the following analysts who practice in multiple jurisdictions.
- Melissa Black, CFA, resides in Country N, which has no securities laws or regulations, but does business in Country L, which has securities laws and regulations that are less strict than the Code and Standards.
- Tom White, a CFA Institute member, resides in Country L, but does business in Country S, which has securities laws and regulations that are stricter than the Code and Standards.
According to the CFA Institute Code and Standards, which of the following statements about Black and White is CORRECT?
|
Black must adhere to the |
White must adhere to the |
A.
| Code and Standards |
law of Country S |
B.
| law of Country L |
law of Country S |
C.
| law of Country N |
law of Country L |
|
