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| After determining Durand’s risk and return objectives, liquidity needs, tax considerations, and unique circumstances, Smyth has decided that he must reduce Durand’s holdings of Comax shares. He has several other clients, whom he met through Muller, who also have significant holdings in Comax. Smyth has also decided to reduce his own holdings in Comax since his term as a director of Comax will be up in June. He does not plan to seek reappointment but as a member of the audit committee he is privy to information about a tender offer. Smyth realizes this is a complex situation.
Which of the following Standards would be least likely to help Smyth decide what actions with respect to selling shares of Comax would be in compliance with the CFA Institute Standards of Practice? A. Standard III(B), Fair Dealing. B. Standard III(C), Suitability. C. Standard VI(A), Disclosure of Conflicts. |