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NEW QUESTION: 1
Michelieu tells a prospective client, "I may not have a long-term track record yet, but I'm sure that you'll be very pleased with my recommendations and service. In the three years that I've been in the business, my equity-oriented clients have averaged a total return of more than 26 percent a year." The statement is true, but Michelieu only has a few clients and one of his clients took a large position in a penny stock (against Michelieu's advice) and realized a huge gain. This large return caused the average of all of Michelieu's clients to exceed 26 percent a year. Without this one investment, the average gain would have been 8 percent a year.
Has Michelieu violated the Standards?
A. No, because the 30% return is in fact a true record of Kent's performance.
B. Yes, because his statements do not fairly and accurately reflect his track record.
C. Yes, because he did not consider the clients investment preferences when stating his performance.
Answer: B
Explanation:
Standard I (C) - Misrepresentation. Although Michelieu's statement regarding the total return of his client's accounts on average may be technically true, it is misleading because the majority of the gain resulted from one client's large position taken against Michelieu's advice. He has not taken steps to present a fair, accurate and complete presentation of performance. Even though he is not guaranteeing future results, his words are still a misrepresentation of performance. Not disclosing the risk preferences of clients does not make a statement misleading and is not a violation of the Standards in this context.

NEW QUESTION: 2

A. Option C
B. Option A
C. Option D
D. Option B
Answer: B

NEW QUESTION: 3
In a Security Token Service deployment for Identity Propagation with the Access Manager token, which
component must be registered with Oracle Access Manager 11g to create a communication channel?

A. WS-Trust Validation Template
B. Request Security Token (RST)
C. Oracle Identity Federation
D. Oracle Adaptive Access Manager
E. WebGate
Answer: E

NEW QUESTION: 4
Which statement accurately explains the purpose of the TCP protocol and what it provides?
A. The primary purpose of TCP is to provide unreliable communications between application services
B. The primary purpose of TCP is to define the correct format for the application layer such as JPEG or HTML.
C. The primary purpose of TCP is to provide IP routing between application services.
D. The primary purpose of TCP is to provide reliable communications between application services.
Answer: D