Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) ' Z9 I2 y$ c; K" [! M* a$ m
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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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, _ p, D+ R, C5 h+ n | 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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2 V6 t8 h! e6 M$ c# m9 I+ q | 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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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. 6 S! S2 r2 E/ {2 V# D0 k
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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. " c6 S Y9 F& E4 `. U
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| integrity.
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# y( S& Q7 F& L% i! E) {7 D0 E | competence. & J1 j' q8 C! n0 H3 ~
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| humility.
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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) & n, q" \0 t& r+ Z L
/ `9 @, R) ~; {, l B! N | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. $ V: d/ z Z/ m X6 f( a
7 z0 E. R( v/ }$ m8 l8 t | B)
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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.
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6 V& m" i1 n, d* U | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. 6 h* U4 h0 I5 S& v
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Z1 [3 F* J% N: P! H | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. " q$ x6 e& Z9 o; `4 ^
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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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:" E7 {1 U" Y! q3 M9 G: L
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8 s+ w% t8 P% ]. d0 N/ ? | not in violation of the Code and Standards.
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| in violation of the Standard concerning independence and objectivity. 7 m3 q1 e# N! m
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8 a8 J1 W% r1 n9 R | in violation of the Standard concerning disclosure of conflicts to clients and prospects. 9 \% t3 L% q" q+ Q) F
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% B8 a* L$ o2 x1 t | in violation of the Standard concerning disclosure of additional compensation arrangements.
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! ]: P; o+ [% \8 q G4 \Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus. ' o+ m3 k, \ x' O
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& H4 O% H+ G9 j7 I" \% @5 O | a tombstone advertisement in the Wall Street Journal or Financial Times. 1 X4 Y# r2 o" F C" X8 Z! m2 u
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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
