CFA Record-Keeping Obligations

Hard Cfa Institute Code And Standards Investment Analysis - Records

As a CFA charterholder, you are expected to adhere to rigorous standards of professional conduct, including maintaining accurate records of all investment analysis and recommendations. A client asks you to provide documentation of your analysis regarding a stock recommendation made six months ago. After reviewing your records, you realize that you only have a summary of your analysis, but not the detailed documentation that outlines your rationale and data sources.

Considering the CFA Institute's Code and Standards, specifically regarding the obligations to maintain and provide records, which of the following actions should you take in this situation?

Explain to the client that you are only required to keep a summary of the analysis and provide that information.

Inform the client that due to the lack of detailed records, you cannot provide any information regarding the stock recommendation.

Acknowledge the oversight, inform the client of your commitment to improve record-keeping, and provide whatever documentation you have along with an explanation.

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