A client who is a director of a publicly listed corporation is required by law to refrain

Question:

A client who is a director of a publicly listed corporation is required by law to refrain from trading that company’s stock at certain points of the year when disclosure of financial results are pending. In preparing a written investment policy statement (IPS) for this client, this restriction on trading:

A. Is irrelevant to the IPS.

B. Should be included in the IPS.

C. Makes it illegal for the portfolio manager to work with this client.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Investments Principles Of Portfolio And Equity Analysis

ISBN: 9780470915806

1st Edition

Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard

Question Posted: