2023 NMIMS solved assignments-Toshak Jain, CFA diligently manages large-cap equity portfolios for his clients. However, recently due to a recession, the performance of large-cap equity markets has not been promising.
2023 NMIMS solved assignments-Toshak Jain, CFA diligently manages large-cap equity portfolios for his clients. However, recently due to a recession, the performance of large-cap equity markets has not been promising.
Ethical and Professional Standards
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Arohi has just resigned from her position as a portfolio manager at Parkers and Spence Assets Inc. to start her own independent practice. To save time, Arohi makes use of the computer models she made at Parkers and Spence Assets Inc. that were saved on her computer and also uses public directories to contact her former clients whose names she can recall. Has Arohi violated the Code and Standards? Kindly justify your answer with the relevant standard. (10 Marks)
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Toshak Jain, CFA diligently manages large-cap equity portfolios for his clients. However, recently due to a recession, the performance of large-cap equity markets has not been promising. Considering the situation, Toshak reduces the equity exposure of his clients and invests in low-risk fixed-income investments. Toshak most likely violated the CFA Institute Standards of Professional Conduct regarding:
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Diligence and reasonable basis.
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Misrepresentation.
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Suitability.
Kindly justify the answer by selecting one of the options from above relating to relevant Standard. (10 Marks)
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Kaizen Shaikh is a portfolio manager for Shell Inc., an investment advisory and brokerage firm. He reports to Juliet Francis CFA, who is the CFO of Shell. Daley is in charge of an aggressive growth equity fund and Cross Retirement Plan, a defined contribution plan for the employees of Shell. Kaizen sometimes places purchase and sale orders with a Commodity Index without completing an internal transaction form. No written operating procedures or compliance manual concerning commodity trades exists.
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Has Juliet violated the CFA Institute Code of Ethics and Standards of Professional Conduct relating to? Explain
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Disclosure of Conflicts
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Misconduct
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Responsibilities of Supervisors (5 Marks)
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What should be the appropriate approach for this situation? Justify (5 Marks)