CFA Level I sample question

CFA Level I Standard IV(B): Additional Compensation Arrangements question

Ethical and Professional Standards / Standard IV(B): Additional Compensation Arrangements

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Standard IV(B): Additional Compensation Arrangements sample question

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Ethical and Professional Standards

Standard IV(B): Additional Compensation Arrangements

A client offers her portfolio manager a performance bonus payable personally if the account beats its benchmark by 300 bps. The advisory contract does NOT mention this arrangement. The manager tells the client he is grateful and emails his supervisor after the bonus period begins. The manager most likely violates the Standards because he:

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