Reading 03 v standards of professional conduct guidance investment analysis, recommendations, and actions questions and answers

(2)*57+ÿ ,-.ÿ/4)7*)0*3ÿ6ÿ106233567)2ÿ$67*134ÿ4ÿ515*)732 6772348274ÿ7)29353:ÿ(2368827*)45673:ÿ)7*ÿ345673 01234567ÿ9 ÿ6ÿ ;234ÿ6 ÿÿ ?ÿ@@ABÿCDÿEABÿFEGÿDÿHAÿD@ÿFFEÿDÿE@EIDÿ@JÿEIKKJ@  !ÿ@IGÿÿ@IIEJ@IÿÿL@J@EJÿMNOPÿQEER@ÿHÿSHJ@ABT  "!ÿ@IGÿÿ@IIEJ@IÿÿL@J@EJÿUM?OPÿVB@ABÿÿNKFABET # $!K@BÿWÿRA@GÿL@J@EJÿUMSOPÿXIEJÿXT NYFA@@ ?IIEJGÿÿL@J@EJÿUMSOPÿ@ÿKKWEÿD@AAÿZK@@ÿ@FFEFE@ÿEIEJZÿÿFFEÿEIKKJ@Tÿ[DEÿHÿDÿDE IDIÿCAJÿ@FFABÿÿDÿ@IT XHEI 01234567ÿ\068.ÿLÿÿ]ÿX@JGÿ^Uÿ]ÿV_LÿM`O (22)42*ÿa)4205)2 bBÿSIFÿWBÿV_L 01234567ÿ9%ÿ6ÿ ÿÿ& ?ÿ@@ABÿHJÿ@ÿIcÿD@ÿD@ÿD@Jÿ@ÿACÿW@ÿGRÿÿDEI@AÿEEPÿWÿÿ@AÿEcÿD@ÿWÿIKKE@ÿCDÿ EETÿdDÿCEGÿ@ÿE@EIDÿEFEÿ@WÿDÿIcÿHEÿIAÿCDÿCAA^JREHJÿFEHAPÿ@IIEJGÿÿL@J@EJÿUM`OP SKKI@ÿCDÿSAÿ@JÿQEFIRÿSAPÿDÿ@@ABÿJÿÿK  !DÿEA@DFÿHÿDÿDEI@Aÿ@AÿEcÿÿEEÿABT # "!DÿEA@DFÿHÿDÿDEI@AÿW@ÿ@JÿEEÿABT  $!WDÿDÿDEI@AÿW@ÿ@Jÿ@AÿEcÿ@JÿEET NYFA@@ eGÿE@@WAÿfJGKPÿ@ÿ@@ABÿK@BÿYIAJÿIE@ÿH@IEÿHEKÿE@EIDÿEFETÿLIÿDÿEFEÿCAAÿWÿJAREJÿ IAÿCDÿCAA^JREHJÿFEHAPÿ@AÿEcÿÿÿ@ÿKFE@ÿ@ÿW@TÿgRÿD@ÿDÿ@AÿEcÿD@ÿWÿABÿIKKE@ CDÿDEI@AÿEEPÿHEDEKEPÿDÿDÿ@@ABÿÿÿGAGÿWBÿÿKGÿT XHEI 01234567ÿ\068.ÿLÿÿ]ÿX@JGÿ^Uÿ]ÿV_LÿM`O (22)42*ÿa)4205)2 bBÿSIFÿWBÿV_L 01234567ÿ9 ÿ6ÿ ÿÿ' %&'()ÿ*('ÿ(+,ÿ-)ÿ(.ÿ/,ÿ(ÿ0))ÿ'&1ÿ&2ÿ0'2,ÿ2((+.ÿ3ÿ()ÿ45)1ÿ00'+ÿ0ÿ62,ÿ17ÿ89,ÿ62 9(ÿ-)ÿ(.ÿ/ÿÿ.'9'ÿÿ1.('*ÿ45)1ÿ00'+7ÿ:ÿ'ÿ2((+'ÿ(ÿ-)ÿ(.ÿ/ÿ(;ÿÿRWS>ÿÿ+ÿB8ÿ-+-7