Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) / k% [. V1 G2 v+ S( ]" D) L; n
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| A member is required to comply only with applicable local laws, rules, regulations, or customs even though the CFA Institute code and Standards may impose a higher degree of responsibility or a higher duty on the member.
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| B) ; f6 W4 f" _) a- u: @. i2 Q4 }
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| A member who trades securities in a foreign securities market where no applicable local laws or stock exchange rules regulate the use of material nonpublic information may take investment action based on this information. . ~$ e5 F0 d3 L8 m) l
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| A member who trades securities in a country with less strict laws, rules, regulations, or customs may follow those laws if he discloses this information to his client.
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+ q6 h) s* ~& R0 ^( F | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. " x1 w; S) K1 y7 @
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Question：2 Which of the following is least likely a component of the Code of Ethics? In dealing with the public, clients, prospects, employers, employees, and fellow members, CFA Institute members shall act with: A)
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| respect. 2 L0 i' |& M% a
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& M# v H# D. T, a8 ]( Y z | integrity.
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& _! t+ |2 U0 y8 y+ S# {7 U | competence. 7 `/ p3 V0 k/ N7 h2 p
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/ L0 z6 s6 i8 n- @6 I& ~! h( ` | humility.
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3 I3 m f( Z( s) k5 q( qQuestion：3 According to the CFA Institute Standards of Professional Conduct, which of the following statements about members with supervisory responsibility is FALSE? Members with supervisory responsibility: A) @# Y0 Y0 ]& I( e: o4 u
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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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| B)
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: z; P6 C4 U, ?# X | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. % q2 q. ~# l# j w1 c
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| C)
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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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$ p! }* u+ H3 Q" z" mQuestion：4 Tony Calaveccio, CFA, is the manager of the TrustCo Small Cap Venture Fund in Toronto. He places trades for the fund with River City Brokerage. River City presents Calaveccio with a case of wine at Christmas each year. He estimates that the value of the case is about US $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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| not in violation of the Code and Standards.
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| B)
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" R7 ]( }! r( e2 T | in violation of the Standard concerning independence and objectivity. 2 k5 [1 W- H( e+ x& ~( t+ d
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. 4 R W& E7 `# d% M: L5 I j
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) g' O( K/ I3 P6 U2 s2 f | in violation of the Standard concerning disclosure of additional compensation arrangements.
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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! K9 c/ u( z' T$ q$ _- R& j8 F | the prospectus.
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! Q1 L$ ?- U' `/ h- ~/ [0 e | a tombstone advertisement in the Wall Street Journal or Financial Times. : E% Y9 l% ~9 `
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| the annual report.
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| an annual letter to all fund shareholders. |
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发表于 2015-7-15 16:09:06
楼主
发表于 2015-7-17 10:29:40
