If a CFA Institute member receives a directive from a client to invest in a security that is unsuitable for the client a

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answerhappygod
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If a CFA Institute member receives a directive from a client to invest in a security that is unsuitable for the client a

Post by answerhappygod »

If a CFA Institute member receives a directive from a client to
invest in a security that is unsuitable for the client and deviates
from the client's investment policy statement (IPS), to comply with
the Code and Standards, the BEST course of action is to:
A.
not execute the trade and follow the agreed-on IPS for the
client.
B.
execute the trade at the client’s request.
C.
execute the trade only after discussing with the
client how the request is not suitable and deviates from the
IPS.
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