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Question of the Week - Ethical and Professional Standards
Richard Frizell, CFA has recently completed his research report on Lukesrun, Inc. and he is generally favorable on the stock. The report shows a preliminary “buy” on Lukesrun. Frizell’s supervisor approves the report, and it is being reading for distribution. Frizell recently came across some negative information on the company (publicly available information) and meets with his supervisor. The supervisor advises to go ahead and issue the preliminary report, with no mention of the new negative information. What should Frizell do, in order to properly comply with the Standards?
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Question of the Week - Ethical and Professional Standards 31 votes
Frizell should notify all clients of the additional information on Lukesrun.
Frizell is in full compliance of the Standards since the added information was publicly available.
Insist that the report be revised, and if that is not done, he should request to have his name removed from the report.