Ethics - Plagiarism
I encountered a question as below:
Q. Jean-Luc Schlumberger, CFA, is an independent research analyst providing equity research on companies listed on exchanges in emerging markets. He often incorporates statistical data he obtains from the web sites of the World Bank and the central banks of various countries into the body of his research reports. While not indicated within the reports, whenever his clients ask where he gets his information he informs them the information is in the public domain but he doesn’t keep his own records. When the clients ask for the specific web site addresses he provides the information. Which Standard has Schlumberger least likely violated?
- Record Retention
- Performance Presentation
C is correct because Standard III(D)–Performance Presentation pertains to investment performance information, and there is no indication any violation has occurred.
A is incorrect because under Standard V(C)–Record Retention, Members and Candidates must develop and maintain appropriate records to support their investment analyses, recommendations, actions, and other investment-related communications with clients and prospective clients.
B is incorrect because Schlumberger has plagiarized the information he obtained from the websites of the World Bank and the various central banks by not quoting the sources within his research reports. This is a violation of Standard I(C)–Misrepresentation.
Isn’t the world bank and various central banks recognized financial and statistical reporting sources so need not credit the sources? In fact, I always run into confusion in topics of Ethics, not really doing well in this topic..
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