Micheal, a Level III CFA candidate, is thebusiness development manager for an investment management firm withhigh-net-worth retail clients throughout Africa. This investment managementfirm introduced listed Kenyan REITs (real estate investment trusts) to its lineof investment products based on new regulations introduced in Kenya todiversify its product offering to clients. The product introduction was basedon diligence and reasonable basis coming after months of researching Kenyanproperty correlations with other property markets and asset classes in Africa.Micheal was assigned as part of the sales team that will introduce this productto its clients across Africa. Micheal determines that most of client’sportfolios would benefit from the diversification. By promoting the KenyanREITs for  client portfolios as planned,Micheal would least likely violate which of the following standards?

 

　　A. Suitability

 

　　B. Independence and Objectivity

 

　　C. Knowledge of the Law

 

　　Solution: B