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Ipatiy [6.2K]
1 year ago
12

question sherry buckner, cfa, manages equity accounts for government entities whose portfolios are classified as being conservat

ive and risk averse. since the objective of her clients is to maximize returns with the lowest possible risk, buckner considers adding to their holdings a new, thinly traded, leveraged derivative product that she believes has the potential for high returns. to make her investment decision, buckner relies upon comprehensive research from an investment bank with a solid reputation for top quality research. after her review of that research, buckner positions her accounts so each has a 10% allocation to the derivative product. did buckner most likely violate any cfa institute standards of professional conduct by purchasing the derivative product for her clients?
Business
1 answer:
Galina-37 [17]1 year ago
7 0

The response to the prompt about whether Buckner most likely violated any CFA institute standards of professional conduct by purchasing the derivative product for her clients is Yes. Buckner violated Standard III (C) of the institute's Act.

<h3>What part of the Act did Buckner flout?</h3>

Buckner flouted Act III C which relates to the suitability of the investment choice. It is very vital that an investor should ensure that the investment decision made should be consistent with the objectives of the portfolio.

Buckner's decision to put forward her own account instead of the government entity's account shows that she was not being consistent with the objectives of the portfolion in question.

Learn more about CFA institute standards of professional conduct here:

brainly.com/question/14869014

#SPJ1

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Answer:

see below

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Two employees with the same gross pay will have different net pay because of differences in deductions.  Net pay is the amount that reflects in the employee's bank account after all deductions. Involuntary deductions are mandatory and comprise statutory deductions such as social security, medicare, taxes, or others prescribed by the state or the courts. To a large extent, employees with similar gross pay will have the same statutory deductions.

Voluntary deductions are employee-initiated. They include mortgages, retirement plans, medical, life assurance, dental, and general insurance. These deductions are not uniform. Each employee will have a different amount deducted depending on their preferences. Voluntary deductions contribute significantly to two employees with the same gross pay to have different net pay.

5 0
4 years ago
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Since in the question it is mentioned that Gino is credited for a manager as he understand his employees and work well with the team members

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8 0
3 years ago
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