An analyst is told by his supervisor that when he feels he should write a buy
recommendation he is free to do so, and when he feels he should write a sell
recommendation he should check with the supervisor first. This practice is:
A)
in violation of Standard I(B), Independence and Objectivity.
B)
congruent with Standard V(A), Diligence and Reasonable Basis.
C)
in violation of Standard V(A), Diligence and Reasonable Basis.
The policy dictated by the supervisor would infringe
upon the analyst’s independence and objectivity . It would probably discourage
the analyst from making sell recommendations and, furthermore, present the
opportunity for the supervisor to try and change the analyst’s mind.
