Which of the following can be found in Standard V?
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A. B. C. D. E.Explanation
Standard V states: "Members shall make reasonable efforts to achieve public dissemination of material nonpublic information disclosed in breach of a duty."
Standard V of the CFA® (Chartered Financial Analyst®) Code of Ethics and Standards of Professional Conduct covers the topic of "Investment Analysis, Recommendations, and Actions." Let's go through each answer choice and see which one aligns with Standard V:
A. Members shall not undertake any independent practice in competition with employer without written consent. This statement is not directly related to Standard V. It pertains to the issue of competition with an employer and the requirement of obtaining written consent. Therefore, it is not the correct answer for this question.
B. Members shall not participate in plagiarism. While plagiarism is an important ethical issue, it is not specifically addressed in Standard V. Standard V focuses more on the professional conduct of investment analysis, recommendations, and actions. Hence, this answer choice is not correct.
C. Members shall make reasonable efforts to achieve public dissemination of material nonpublic information disclosed in breach of a duty. This answer choice is directly related to Standard V. The standard emphasizes the importance of disseminating material nonpublic information in a fair and equitable manner. Members are required to make reasonable efforts to ensure the information is made public. Therefore, this answer choice aligns with Standard V.
D. Members shall maintain appropriate records to support the reasonableness of recommendations. While maintaining appropriate records is important for accountability and transparency, it is not specifically addressed in Standard V. This answer choice is not correct for this question.
E. Members shall maintain knowledge of and comply with all applicable laws. Although compliance with applicable laws is essential for ethical conduct, it is not specific to Standard V. Standard V primarily deals with investment analysis, recommendations, and actions rather than legal compliance. Therefore, this answer choice is not the correct one.
In summary, the answer choice that aligns with Standard V is:
C. Members shall make reasonable efforts to achieve public dissemination of material nonpublic information disclosed in breach of a duty.