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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* Q. C: R9 P* b" g7 {' |; g" n9 a$ J | 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. ' K0 j- e3 P2 Z9 F5 D. J- ~5 M
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| C)
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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. * A( l# ]) ~0 N9 Q" f
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| D)
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. 1 K7 T: Z/ H) |0 W
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! @0 ?7 z5 I0 M. G# F! `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) % u7 `5 k, s+ P, t( G
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| respect. - j; ]6 l/ w0 W' [7 O" l! y4 w
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| B) ! V+ d6 M. M6 y5 e1 L h
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| integrity.
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| C)
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) ?9 o0 C* i/ G! P | competence.
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| humility.
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/ @. n* e; S7 D+ D3 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) + t% |4 x7 e1 p% P, R
; u# h/ w* j, \, Q* ]9 i8 K | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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| B) * z1 y" |) ]7 |6 v3 _
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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. 1 h6 \- n) I, ^6 i# T- V5 p
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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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| D)
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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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6 y' Y! n% p5 F/ fQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:* r$ w& H ^6 @3 e: K5 j
A)
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4 a, Q0 E" W% R J2 n0 O4 n | not in violation of the Code and Standards.
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| B)
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| in violation of the Standard concerning independence and objectivity. 8 \' u) P; T' f7 q1 \4 w# d
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| C)
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( N) u5 x: R/ E: K/ F/ c | in violation of the Standard concerning disclosure of conflicts to clients and prospects. 9 d7 w- g g8 B$ ^- p9 t! m
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| in violation of the Standard concerning disclosure of additional compensation arrangements. 2 \2 w S: j# F: Y! e
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0 \* S# t" ~9 f1 w5 J- EQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus. ! n% L5 C* x& k" P* [0 {
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; e. c* W8 N/ U$ E | a tombstone advertisement in the Wall Street Journal or Financial Times.
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| the annual report. 3 j+ g, b# A- `+ N3 n$ p, N
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| 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
