Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Reflection paper/Reflection essay
27/08/2022
Discussion Questions
1. Analyze and discuss whether Mr. George has complied with the CFA Professional Standards of Conduct we have studied as follows:
a) What were Mr. Georges obligations under Professional Standard 3A, 3B, 3C and 3E when he opened the investment account for Ms. Laura and her daughter? Regarding the suitability requirement in Professional Standard 3C, what information should Mr. George have obtained to help him determine the suitability of the investments he made for Ms. Lauras account?
b) Ms. Lauras daughter does not believe the investment in Sahara Real Estate Companys stock, or the excessive trades Mr. George made, were suitable for an elderly client (i.e., her mother) requesting the use of both a buy and hold and conservative investment strategy. Do you agree or disagree? Explain your answer.
c) Most of the securities Mr. George bought and sold for Ms. Laura and her daughters accounts were identical in spite of the differences in their investment strategies. Discuss whether this was appropriate given his obligations under the suitability requirement.
d) Discuss the requirements in Professional Standard 1? Indicate whether Mr. George was required to comply with these requirements, and if so, what he was required to do.
e) Discuss the requirements in Professional Standards 5 and 6. Discuss whether Mr. George complied with these requirements in connection with the purchase of Sahara Real Estate Companys stock for Ms. Lauras account.
f) Discuss Professional Standard 2A in connection with the securities regulatory agencys investigation of Mr. George and his firms brokers and managers, in connection with their purchase and sale of Friendly Software Companys stock. Also discuss whether Professional Standard 6 would apply to this transaction.
g) Mr. George guaranteed Ms. Laura and her daughter a 10% annual return on their investments if they opened a brokerage account with his firm and allowed him manage their investments. Discuss whether this statement was appropriate under the CFA Professional Standards of Conduct.
2. According to the proponents of the virtue ethics theory, there are certain character traits (i.e., virtues) that it is good for each person to possess. They believe that being good is more about who we are rather than what we do.
Consequently, they believe these character traits should be used to evaluate whether an individual is behaving ethically.
Plato identified four cardinal virtues:
Temperance,
Courage,
Wisdom and
Justice.
Use these virtues to analyze and evaluate Mr. Georges conduct under the virtue ethics theory.
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Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
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