Green Brothers, an emerging market fund manager, has two of its subsidiaries simultaneously buy and. 1 answer below »
Green Brothers, an emerging market fund manager, has two of its subsidiaries simultaneously buy and sell emerging market stocks. In its marketing literature,Green Brothers cites the overall emerging market volume as evidence of the market’s liquidity. As a result of its actions, more investors participate in the emerging markets fund. Green Brothers most likely:A. did not violate the Code and Standards.B. violated the Standard regarding market manipulation.C. violated the Standard regarding performance presentation.Cobb, Inc., has hired Jude Kasten, CFA, to manage its pension fund. The client(s) to whom Kasten owes a duty of loyalty are:A. Cobb’s management.B. the shareholders of Cobb, Inc.C. the beneficiaries of the pension fund.
