Question: Does Jacobs violate the CFA Institute Code and Standards in his disclosure of referral arrangements to his clients? A. Yes B. No, because the lawyers

Does Jacobs violate the CFA Institute Code and Standards in his disclosure of referral arrangements to his clients?

A. Yes B. No, because the lawyers disclose to their clients the discount that JRA offers C. No, because the discount and the fee-sharing arrangement is disclosed to individuals at the time they sign the investment management agreement

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