A. Loyalty, Prudence, and Care.
#analyst-notes #code-of-ethics-and-standards-of-professional-conduct #iii-duties-to-clients
Managers often have discretion over the selection of brokers. The broker may provide research services that provide a benefit to the manager. The manager has thus used "soft dollars" to purchase an asset to his clients. Since the manager would expect to purchase research services anyway, the soft dollar arrangement is not necessarily inappropriate. The manager must seek the best price and execution, and DISCLOSE any soft dollar arrangements.
If you want to change selection, open original toplevel document below and click on "Move attachment"
Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details