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Basic Question 0 of 3
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 a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations;
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.
CFA® 2026 Level II Curriculum, Volume 6, Module 44.