【羿文寄语】考试剩下的时间有限，时间就是金钱，抓紧时间学习是关键。

CFA考试Level Ⅰ

【单选题】

Neiman Investment Co.receives brokerage business from Pick Asset Management in exchange for referring prospective clients to Pick.Pick advises clients--in writing, at the time the relationship is established--of the nature of its arrangement with Neiman.With regard to this practice, Pick has:

A.complied with the Code and Standards.

B.violated the Code and Standards by failing to preserve the confidentiality of the agreement with Neiman.

C.violated the Code and Standards by participating in an agreement that creates a conflict of interest.

答案：A

【解析】Pick has not violated the Standards.The referral arrangement is fully disclosed to clients before they agree to do business with Pick.Therefore, clients can fully assess the effect of the agreement on the referral and how the agreement may affect their accounts before hiring Pick as their asset manager.