CFA Level 1 Exam
Question No. 1
Smith, a research analyst with a brokerage firm, decides to change his recommendation on the common stock
of Green company, Inc., from a buy to a sell. He mails this change in investment advice to all the firm's clients
on Wednesday. The day after the mailing, a client calls with a buy for 500 shares of Green Company. In this
circumstance, Smith should:
Choose the correct option from the given list.
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