easy ethics?

Carol Baker, the portfolio manager of an aggressive-growth mutual fund, maintains an account in her husband’s name at several brokerage firms with which the fund and a number of Baker’s other individual clients do a substantial amount of business. Whenever a new hot issue becomes available, she instructs the brokers to buy it for her husband’s account. Because such issues normally are scarce, Baker often acquires shares while her clients are not able to participate. Violation occurred with respect to Disclosure of Conflicts , Priority of transactions A) Yes, Yes B) No, No C) Yes, No D) No, Yes

hmm…D looks right but I still go with A

A. This whole situation seems wrong. Why is she buying for her husband’s account? It does not say her name is on it.

a

The answer is… A!

Hey can anyone tell me how u can tell when a distrubution is a nonnormal distrubution when constructing confidence intervals. Thanks

Disclosure of conflicts - The situation described doesn’t indicate that she didn’t disclose her husband’s account to clients Priority of transactions - Yes a violation I will still go with A

I will go with D.

what is the right answers?

Disclosure of conflicts - The situation described doesn’t indicate that she didn’t disclose her husband’s account to clients is it required to disclose one’s spouse accounts to the clients? I will still go wtih D. Pepp what is the right answer?

Actually nothing wrong with B. Disclosure of Conflicts - There is no conflict here. The only conflict is that she should tell her firm that she also trades for her husband. But she neednt tell her clients. However, CFA institute is all for disclosure, that may be better… Priority of transactions - This is a public issue available to everyone and well advertized.

jdoshi Wrote: ------------------------------------------------------- > Disclosure of conflicts - The situation described > doesn’t indicate that she didn’t disclose her > husband’s account to clients > is it required to disclose one’s spouse accounts > to the clients? > I will still go wtih D. > Pepp what is the right answer? In lay terms, you need to disclose that information to your clients so they’ll know that your recommendations might be influenced by the fact that you own the security ( in this case, her husband)

Can anyone tell me how u can tell if a distrubution is nonnormal when your trying to construct an interval

a7m002- do the normality test

Carol Baker, the portfolio manager of an aggressive-growth mutual fund, maintains an account in her husband’s name at several brokerage firms with which the fund and a number of Baker’s other individual clients do a substantial amount of business. Whenever a new hot issue becomes available, she instructs the brokers to buy it for her husband’s account. Because such issues normally are scarce, Baker often acquires shares while her clients are not able to participate. Violation occurred with respect to Disclosure of Conflicts , Priority of transactions A) Yes, Yes B) No, No C) Yes, No D) No, Yes Follow up question: Disclosure of Conflicts violation occured with respect to: Employers, Clients A) Yes, Yes B) No, No C) Yes, No D) No, Yes

Here I’d say D. But the answer could be A, because Members/Candidates are required to disclose their holdings to their employers on a regular basis. Nothing here says that she didn’t disclose it to her employer

And nothing say she did.

Pepp, please give us the answer to the first question…

First I would go with A, second I would go with C.

map1 Wrote: ------------------------------------------------------- > And nothing say she did. and yes you’re right, but I had to choose