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Question:
Phil Jones, CFA, has just finished researching Alpha One Inc. and is about to issue an unfavorable report on the company. His manager does not want him to state any adverse opinions about Alpha One, as it could adversely affect their firm’s relations with the company, which is an important investment banking client. Which of the following actions by the manager most likely violates Standard I (B): Independence and Objectivity?
A
Asking Jones to issue a favorable report
explanation
According to Standard I (B), if a firm is unwilling to allow dissemination of adverse opinions about a corporate client, it may put the company on a restricted list. This would ensure that the firm only disseminates factual information about the company.
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