Denise Chavez, CFA, is speaking with her supervisor, Mary Ellen Savage, CFA, and Savage makes the following statements regarding proper compliance with CFA Institute’s Fair Dealing Standard:
Statement 1: “We must make best efforts to get recommendations out to all clients as equally as possible.”
Statement 2: “We may differentiate our service to clients, depending on what they pay us.”
A. Only Statement 1 is correct.
B. Only Statement 2 is correct.
C. Both statements are correct.