Which of the following is true regarding Investment Policy Statements (IPS) and mutual fund managers?

A.

Mutual Fund Managers are not required to develop an IPS for each investor.

B.

Mutual Fund Managers may avoid an IPS, if written permission is received from each investor.

C.

Mutual Fund managers are required to write up an IPS for each investor.

D. Mutual Fund Managers are required to develop an IPS for the top ten percent of mutual fund investors.

You are employed with XYZ Corporation. XYZ has been sued by ABC Corp. over patent infringement. You have become aware that XYZ has stolen some documents from ABC to be used in preparation for the case. The stealing of the documents is clearly against the law. ABC has approached you and offered you $10,000 to provide them with evidence that XYZ has stolen their documents. Which of the following statements are true?

	A.	You may not accept the $10,000 to betray your employer, since whistle blowing is only permitted if it is not for personal gain.
	B.	The Moonlighting Provision states that you can only accept the $10,000, if you are given written permission from your employer.
	C.	Contact your supervisor at ABC and negotiate a higher than $10,000 reward.
	D.	You may accept the $10,000, because ABC has broken the law and Whistle Blowing is permitted in such circumstances.