Question 6Kevin Blank, CFA, is a representative for Campbell Advisors. In a meeting with a
Question 6
Kevin Blank, CFA, is a representative for Campbell Advisors. In a meeting with a prospective client, the client inquires about investing in bonds denominated in Mexican pesos. Blank assures the client that Campbell can help him with Mexican fixed income investing. In fact, Blank had heard that his colleague, Jon Woller, might have had experience in Mexican bonds. The following day Blank learns that Woller had, in fact, no such experience. Blank does not correct his earlier statement and the prospective client invests with Campbell. Blank has:
A.only violated the Code and Standards when he learned that his statement was incorrect and did not contact the prospect to explain his error.
B.violated the Code and Standards, both when he misrepresented the qualifications of his firm and later, when he learned the truth and failed to contact the prospective client and correct his earlier statement.
C.not violated the Code and Standards because Blank did not intentionally mislead the prospect.
D.not violated the Code and Standards because Blank’s statements were verbal and not in writing.