Dealing with Ethics- Any tricks

GUys

there is so much information related to both recommened and required in Ethics

Any tricks etc or any online material which helps in remembering the same

I think Schweser QBank is great for this. Its the only thing I use QBank for at this late stage.

General bhai

I am writing down on my register all differences and also doing swswer q bank.

How many q do u feel come from L1 syllabus

And also a questions for u smiley

David Sanders is the Chief Investment Officer at a money management company that claims it is in compliance with CFA Institute Soft Dollar Standards. Last year he purchased a Bloomberg system for the portfolio managers to get information concerning investment decisions. He used soft dollars from brokers to pay for the system. Because the system has come up for renewal, he has an assistant audit the use of the terminal for a week. The assistant reports that the system is only used about 20 percent of the time for investment decision-making activities and 80 percent for other uses. Sanders: A) can use soft dollars to pay for 20 percent of the system for the next year and must reimburse clients for 80 percent of the cost of last year’s system. B) can use soft dollars to pay for 20 percent of the system for the next year and need not take any action concerning last year’s soft dollars. C) cannot use soft dollars to pay for any part of the system for the next year, but need not take any action concerning last year’s soft dollars.

Going with B. I think you are not supposed to redeem past deviations but still act prospectively.

I’d go with A although it seems a bit too straightforward.

Brokerage is asset of the client so if eg they wanted to use it now and get to know it’s not there it would be bad. Manager should return it to the clients disposal immediately when he acknowladges the violation occure imo;)

Do we have an official answer here?

Vicky?

B smiley

so even though he messed up last year, he doesnt need to do anything to fix it? that seems weird.