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Chartered Financial Analyst Level 1

Chartered Financial Analyst Level 1

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Tim Newman, CFA, is an investment manager. One of his clients directs Newman to use Mercer brokerage for trade execution. Newman believes Mercer does not provide best execution but uses the commissions to acquire research services for the client. Newman discloses to the client that best execution may not be achieved. Are Newman's actions consistent with the Standard regarding loyalty, prudence, and care?

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