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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| B) , v4 Z5 x% K' t
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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. 8 h: d3 ?* b& q( C9 h- I, u
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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.
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. % T) G& \3 |4 I8 {) n2 Y% E$ `
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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. . V) ?/ z) }: j" W
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| B)
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: {/ }+ y4 h0 f6 X6 Q4 o2 X: k | integrity. + k7 @( J5 E) g/ ~: M
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| C) " C3 I) B) I4 O4 j8 |; I0 ^ S
9 Z- S9 P3 G5 l! g4 _7 `# ?, L | competence.
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| humility. 7 R q" G/ y* [ ]' @
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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) 2 e3 F: _/ q- }2 u0 }
& g$ i5 b' i" j' \ | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. & v5 ]& w" M6 F( H
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1 b8 S3 B; K. s* a | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. ) F8 K+ P8 S2 I6 w C. j0 C
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) }. E8 l" t- s5 j+ B | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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2 c/ Q; F$ x; D8 ?1 i | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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; p; Q. r8 P& P- c" aQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:3 u0 r1 O1 x8 B0 l7 ~4 o; l# u4 {
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| not in violation of the Code and Standards. * o1 K" ]4 {6 N/ b$ n* }/ {1 d$ Z
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7 I3 A3 a/ }) I/ {5 F/ t1 r4 q | in violation of the Standard concerning independence and objectivity. ) m' R: H- r: `$ m& H6 E5 G
6 m- n7 k: ^. E6 h0 x | C)
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. % k$ G T" S* x1 n! D: {3 X
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4 h0 [- y1 m% L | in violation of the Standard concerning disclosure of additional compensation arrangements. 5 _- L4 ?* i/ y+ _
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A) : M$ ~7 a( G' y
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| the prospectus. % X: h6 P) }2 w" L7 [
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2 y/ ]" q0 v7 U/ V- V | a tombstone advertisement in the Wall Street Journal or Financial Times. 4 K3 H$ h- z$ u9 i1 a1 V
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| C)
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| the annual report. 3 C- s( @" S0 n9 i! H0 h d
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( j+ b1 { e. E; B2 q | 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
