Question: Jene Withers, CFA, uses a statistical model to estimate the intrinsic value of potential investments. Clients are aware of the general model but not its

Jene Withers, CFA, uses a statistical model to estimate the intrinsic value of potential investments. Clients are aware of the general model but not its details. Withers recently changed the model in an attempt to more accurately prices assets. In an e-mail to all of her prospects and clients, Withers describes the new model and states that more accurate asset valuations are expected from the new model.

Has Withers violated the CFA Institute Standards of Professional Conduct?

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