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Basic Question 2 of 2
The stated purposes of Standard VI (C) Referral Fees, are to ______.
II. help the customer/client evaluate any possible partiality shown in the recommendations of services
III. help the customer/client evaluate potential conflicts of interest as result of the participation of immediate family in transactions
I. help the customer/client evaluate the full cost of the services
II. help the customer/client evaluate any possible partiality shown in the recommendations of services
III. help the customer/client evaluate potential conflicts of interest as result of the participation of immediate family in transactions
User Contributed Comments 7
| User | Comment |
|---|---|
| danlan | Not III? |
| mtcfa | III is awkward... but incorrect since it really has nothing to do with referral fees. |
| 0is4eva | Disclosure of conflict - Standard VI A. |
| danlan2 | In the first line of notes, it is saying: such disclosure should help the client evaluate possible partiality shown in any recommendations of services as well as evaluate the full cost of services. |
| wulin | III belongs to Priority of Transactions, not Referral Fees. |
| ericczhang | I would guess III is a specific situation covered in VI.C but is not a general "Stated Purpose" of the standard. |
| gerdvar | Isn't the full cost of the service for the employer only? |
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Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2024 Level I Curriculum, Volume 6, Module 3.