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Smith, a research analyst with a brokerage firm, decides to chan

2023-11-03CFA-Level1

Smith, a research analyst with a brokerage firm, decides to change his recommendation for the common stock of Green Company, Inc., from a “buy” to a “sell.” He mails this change in investment advice to all the firm’s clients on Wednesday. The day after the mailing, a client calls with a buy order for 500 shares of Green Company. In this circumstance, Smith should:

A.Accept the order

B.Advise the customer of the change in recommendation before accepting the order

C.Not accept the order because it is contrary to the firm’s recommendation

正确答案是B

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