Roberta Love, a CFA Institute member, was about to issue a neutral report on HLC Corporation, a
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- Roberta Love, a CFA Institute member, was about to issue a neutral report on HLC Corporation, a high-tech firm, when she talked to Dan Fagan, her former manager and mentor, who is now with another investment firm. Fagan is very bullish on HLC and tells Love that "everyone knows HCL is going to experience a major shock price increase over the next year." Love knows Fagan has been an exceptionally insightful analyst in the high-tech sector.
- According to the CFA Institute Standards of Practice Handbook, is it acceptable for Love to change her recommendation to a "Buy" based on the comments of Fagan? Explain.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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