Where There Are Shared Management Responsibilities or Where an Investment

question 306

Multiple Choice

Where there are shared management responsibilities or where an investment or shareholding exists in a broker by a counterparty:

• A) the broker is not obligated to reveal any material connections provided Chinese Walls are in place.
• B) the broker is not required to reveal any connections at all.
• C) the broker is legally obliged to advise his clients of any material connections that exist.
• D) is a matter which is not covered by the Model Code.

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Definitions:

Independent Variable

The variable in an experiment that is manipulated by the researcher to observe its effects on the dependent variable.

Experimental Group

In research, a group of subjects who are exposed to the variable under investigation to assess its effect.

Potential Confound

A variable that could distort the results or conclusions of a study or experiment by intermingling its effects with those of the variables of interest.

Background Music

Music that is played in the background and is not meant to be the main focus of an audience.