online item set Q 26 :Regarding the participation in competition
Q 28- why he is not using CFA charter
Q 29 Statement 1- violations-
I do not get any of these.
Q28:
A) Misrepresentation is incorrect because he is not obligated to tell his clients he is a CFA Charterholder.
B) Duties to clients is correct because even though he does not use the CFA designation, he still has to follow the Code and Standards otherwise he would be in violation.
C) Reference to CFA… is incorrect because he referred to it properly.
Q29:
A) Misrepresentation is correct because he implies that his brokerage company (Rayne) manages the portfolios and makes all the investment decision, but in reality they are just sales people.
thanks for your response. I am still not clear about Q 29 though. Why is that a violation?
if you tell one of your clients that you manage their portfolio and make the investment decisions, but in reality you’re just a salesperson, that’s considered misrepresentation