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Allen Wright, CFA, an equity analyst, recently had lunch with his former professor, Kim Jackson. Jackson told him about a new theoretical stock valuation model
Allen Wright, CFA, an equity analyst, recently had lunch with his former professor, Kim Jackson. Jackson told him about a new theoretical stock valuation model she designed. Upon returning to his office, Wright recreated Jackson's model and revised it slightly. He then tested the revised model using historical stock prices from Standard & Poor's S&P equity databases. The results were so impressive that his supervisors decided to create a small new fund called the Technical Fund directed towards their technically oriented clients. In the fund's prospectus, Wright included a discussion of the model and the results of his tests. According to the Standard on misrepresentation, is Wright required to credit Jackson for having developed the original model and S&P as the source of the data?
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