微信扫一扫
实时资讯全掌握
|
An analyst has constructed an investment policy statement (IPS) and a portfolio for a new client, Susan Stevens. He has also provided written guidelines on the processes used to make investment management decisions. Six month later, Stevens questions the analyst about several portfolio holdings. Although the analyst cannot remember his reasoning for recommending specific securities, and cannot find supporting documents, he assures her that the recommendations were made within the limits of her IPS and the firm’s stated processes for making investment management decisions. Stevens is not satisfied by this response, but leaves the portfolio unchanged. The analyst has most likely violated: A. Standard V(C) Record Retention. B. Standard V(B) Communications with Clients and Prospective Clients. C. Standard III(C) Suitability. |