Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) , ^: k4 w' g1 x
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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. S- j8 M7 h- H% \% ?: f; p7 h& @
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5 Q5 t0 e' {) l! c/ p3 U0 a3 b | 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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| 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. 6 Y* v6 Q9 s; o2 p
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. / z+ x0 }" C3 l7 u5 C) F
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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.
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| B) & l$ V9 r4 ^/ U6 t4 h
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| integrity.
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| C)
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| competence. $ Q5 u7 m! c, ^$ R! @
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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) - Q& B! S& v) ]% \- g- Y
/ ]- S( G& K* N0 ?' P | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. # ^; u% {) l, S
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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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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. : @7 ]1 A- s) B9 X7 h
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. 6 T2 J% `, \* V3 s# B8 ^
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0 F' `' ], N5 L" j y, A2 BQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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| not in violation of the Code and Standards.
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| B)
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| in violation of the Standard concerning independence and objectivity.
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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| D)
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# V! B$ t) p" O& s% L | in violation of the Standard concerning disclosure of additional compensation arrangements. 1 m; `! f$ G/ A/ Y8 d
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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+ E7 V% Z9 k4 D" l' \ | the prospectus. ) J" B( K0 ]0 b. M' m
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| B) 5 Z# n% B9 @8 g! L F2 B- ~! T5 {, V
Q% z0 n3 D0 e) Y | a tombstone advertisement in the Wall Street Journal or Financial Times.
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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
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发表于 2015-7-17 10:29:40
