Guidance for Standards I–VII sample question
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Ethical and Professional Standards / Guidance for Standards I–VII
Choose an answer before revealing the explanation, key takeaway, and answer-choice review.
Guidance for Standards I–VII
During a routine call, a corporate treasurer inadvertently tells portfolio manager Henrik Olsen that the issuer will announce a large, unexpected loss next week. The next morning, before any announcement, a discretionary client emails Olsen instructing him to sell the account's entire position in that issuer to fund a property purchase. Olsen most appropriately should:
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