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Question 11 Recommended procedures to comply with Standard III(B) Fair Dealing are least likely to include: A) limiting the number of people privy to recommendations and changes. B) shortening the time frame between initiation and dissemination of recommendation changes. C) publishing personnel guidelines for pre-dissemination that prohibit those who know about a pending recommendation from discussing or acting on it. D) requiring investment committee approval for all recommendation changes.
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Question 12 Sue Johnson, CFA, has an elderly client with a very large asset base. The client intends to start divesting her fortune to various charities. Johnson is on the Board of a local charitable foundation. Johnson most appropriately: A) can make this known to the charitable foundation so that they can solicit the client, since it is the client's wish to divest assets to charities in the future. B) should solicit the client herself, along with other Board members, to obtain a larger contribution. C) must not discuss anything regarding her client and her client's intentions with the charitable foundation without permission. D) can discuss her client's situation with the charitable foundation as long as she informs other local charities of her client's intentions.
) r5 }4 p# i5 }& b* w7 l( a" xQuestion 13 When sending research recommendations to clients, members and candidates must: A) send recommendations only to those clients for whom the investments are suitable. B) not send recommendations without including the underlying analysis and basic investment characteristics. C) disclose the average performance of prior securities recommendations. D) keep records of all the data and analysis that went into creating the report.
; r6 Z, t$ Y9 F X# [- h4 MQuestion 14 Alan Powers, CFA, is a trader with Rogers Securities. His sister works for Potter Steel and has told him that Potter’s earnings, which will be released two days from now, are significantly less than expectations. Powers receives a buy order for the firm’s account for a block of Potter shares. According to Standard II(A) – Material Nonpublic Information, Powers’ most appropriate action is to: A) ask his compliance officer to place Potter stock on the firm’s restricted list because he has material nonpublic information. B) enter the trade without mentioning the coming earnings disappointment. C) not enter the trade and inform only the firm’s head of trading that he cannot execute a buy because he is in possession of material non public information. D) not enter the trade because of his duty to his employer, but remain silent on the reason until the earnings report is publicly announced. 3 ~9 a* g, v0 U# a0 w1 j! o5 q
Question 15 Which of the following is least likely one of the eight major sections of the Global Investment Performance Standards (GIPS)? A) Private equity. B) Calculation methodology. C) Input data. D) Reporting requirements. # X# n$ r; o* ?9 Z
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发表于 2015-7-13 10:04:56
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