Mock Exam Review _ CFA Institute 7
isn’t this a clear cut violation of independence and objectivity as all expense will be paid by Ashoka firm ? then why ans is not A?
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Ashoka firm is not the firm on which we are writing research. Research is on companies in Sri Lanka which is solely decided by us. There won’t be any bias towards any Sri Lankan Company even if financed by Ashoka
And standards permit taking soft dollar arrangements if it is for the benefit of the client and informed to the client. However, best execution cannot be compromised on account of soft dollars.
Hence, compromise is towards best execution because of the longer time frame.