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Mock Exam – AM Answers Block 1: LaCompte Question 1 of 6 Even if LeCompte dis s the cost of her attendance she may still not be permitted to take the trip depending upon her companys policies. In addition, the disclosure in this case is not enough to avoid a potential violation of Standard I(B) relating to independence and objectivity. By allowing the corporate issuer to pay for her travel expenses her judgment could be compromised. It is more appropriate for LeCompte to decline the invitation or have her company pay all costs for the trip in order to avoid any or appearance of . 2014 CFA Level II “Guidance for Standards I–VII,” CFA Institute Standard I(B) Question 2 of 6 LeCompte violated Requirement 6, Relationships with Subject Companies, by sharing the full research report with NanoMem. Sharing any section of a research report that might communicate the analysts proposed recommendation, rating, or price target is prohibited by the Research Objectivity Standards. Sharing historical factual information on the other hand is not a violation. 2014 CFA Level II “CFA Institute Research Objectivity Standards,” CFA Institute Section 4 Question 3 of 6 Research Objectivity Requirement 5, Research Analyst Compensation, recommends analysts compensation be based on the accuracy of recommendations over time. In addition, compensation should not be directly linked to investment banking or other finance activities, which it is not in this case. LeComptes bonus is based on the groups overall performance and is not specific to the research support she provides to various divisions. 2014 CFA Level II “CFA Institute Research Objectivity Standards,” CFA Institute Section 4 Mock Exam – AM Answers Question 4 of 6 LeCompte provided all the recommended disclosures relating to potential s of interest with respect to UniFlash. She should have dis d the benefit received from NanoMem concerning the