Susan Tigra, CFA, is a portfolio co-manager for the Sandia Energy pension fund.
She has been contacted by Ted Garnet, a former classmate. Garnet has started his
own investment management firm and would like Sandia Energy to move a portion of
its assets to be managed by his firm. Tigra moves 5% of the pension fund to
Garnet’s firm to help him build his assets under management. Kurt Show, CFA, is
Tigra’s supervisor. Show notes the move, but does not investigate. Show is most likely:
|
A)
|
in violation of Standard IV(C) "Responsibilities of Supervisors."
|
|
B)
|
not in violation of the Code and Standards.
|
|
C)
|
in violation of Standard V(A) "Diligence and Reasonable
Basis."
|
|
