Explanation:
According to CFA Institute Standard V(A) - Diligence and Reasonable Basis, when a member or candidate is named in a research report, they must have a reasonable and adequate basis for the recommendation. If Dowling does not agree with the recommendation, he cannot be identified with the report because:
Standard V(A) requires that members have a reasonable basis for their investment recommendations - If Dowling disagrees with the recommendation, he does not personally have a reasonable basis for it.
Being identified with a report implies endorsement - When a CFA charterholder's name appears on a report, it suggests they support the conclusions and recommendations.
The correct action is to decline to be identified - Dowling should request that his name be removed from the report since he does not agree with the recommendation.
Option C is incorrect because even if the team's recommendation has a reasonable basis, Dowling cannot be identified with a recommendation he personally disagrees with. Option B is incorrect because he cannot force the report to reflect his opinion when it's a team recommendation.
Key Principle: CFA charterholders must only be associated with investment recommendations that they personally believe have a reasonable and adequate basis.
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Robert Dowling, CFA, is part of a research team. Dowling's team has recommended a "buy" rating on a company, but Dowling does not agree with the recommendation. To comply with the Standard relating to diligence and reasonable basis, Dowling:
A
must decline to be identified with the report.
B
must ensure that the report reflects his opinion.
C
may continue to be identified with the report as long as the recommendation has a reasonable basis.