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According to Standard IV (B.7), Disclosure of Conflicts, the most prevalent conflict pertains to ________.
A. none of these answers
B. broker-sponsored limited partnerships formed to invest venture capital
C. service on a board of directors
D. members' ownership of stock in companies they recommend
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Under Standard IV (B.7), Disclosure of Conflicts, the most prevalent conflict pertains to members' ownership of stock in companies they recommend. To avoid discrimination against members, sell-side members should disclose any materially beneficial ownership interest in a security or other investment that the member is recommending. Buy-side members should disclose their procedures for reporting requirements for personal transactions.
NEW QUESTION: 2
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D. All of the Above
Answer: C
Explanation:
Reference:http://public.dhe.ibm.com/common/ssi/ecm/en/wgs03005usen/WGS03005USEN .PDF(page 3)
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