Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A)
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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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| 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.
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5 B+ E: A: @3 ?! c* [; }# i8 H2 Z | 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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| D)
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) y( b: @; ^5 C; { | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. 9 M) [/ G) o& v0 }) H
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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) 2 y" J$ `+ p4 H a- F A
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| B) ) O7 _ Q5 m9 t% ^
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| integrity.
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| competence.
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| humility. ; `: f# j4 D% H+ {3 d5 }
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Question：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) : }8 D7 b: r+ w& ?9 c; v0 M- S
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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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| are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. + K$ U3 p5 z3 t- ~# x2 O6 y
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* S: P# `- f9 {6 \( A6 I | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. . ^, l L# o7 [% ~
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. 8 } s' |$ M9 o1 F3 \2 _
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Question：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:* D1 |" ~& O# {6 Q I6 g9 n9 ~
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6 M! G1 {- B' X, r ~7 A | not in violation of the Code and Standards.
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S7 }5 p! K" J6 b | in violation of the Standard concerning independence and objectivity. + J2 b0 H+ b6 O) x! O
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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4 Q( i% w0 ?9 C6 _# [, b | in violation of the Standard concerning disclosure of additional compensation arrangements. K# e" r8 \; q0 j; K' ^
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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( ?' i6 b' ^' C0 } | the prospectus.
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| a tombstone advertisement in the Wall Street Journal or Financial Times.
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" w. A) z0 b* ?- {) H. m) @9 v | the annual report.
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! G; l! D" f. T8 I5 r | an annual letter to all fund shareholders. |
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发表于 2015-7-15 16:09:06
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发表于 2015-7-17 10:29:40
