Ok lets talk ethics … I know you can’t poach prospective clients and current clients.
IMO approaching denied clients is as well a violation of the CFA standards
Thats your opinion Adel, unfortunately the CFAI disagrees
exactly! do we reverse trades if we payed a higher price than the client, but we bought it before?
I think approaching clients that were rejected by the firm is ok because it does not cause harm to the company. There was an example either in the SW notes or in one of the practice exams.
yes one can approach denied clients. i know this for sure (or else i will be -1!)
I believe you can ONLY after business hour.
VIK…you have no idea
Am I supposed to reverse the trades if I ended up paying a higher price, but I traded ahead of them?
according to the standards on supervision, the manager needs to act according to stated firm policies and prevent employee violation of both the code and firm policies front running is also against the code of standards as it may disadvantage clients
I think I have nailed ethics. Could be my saving grace on judgement day…
Front running is beyond CFA code of ethics. Its an SEC violation So you don’t simply reverse the trades, you punish him. I forget the choices but it was the last one
What about Standard I B? What is up with the travel expenditures?..It has been cited that there is an example in the CFAI book where travel and accommodations are acceptable. However, it clearly states the location was remote and there was NO OTHER accommodations available