Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) ; b6 [8 h1 \3 _1 F2 |: [3 n
. R' L F' H0 M5 q3 h | 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) + {2 a! o* H& _) T' D% G8 u- ?
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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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| 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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9 y% |' j" D# v; n: }" ` | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. 2 Q: \8 X5 t9 y0 j! m
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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) ; k- _8 m+ }% T
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| respect.
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7 b M4 C* l. C- O1 I0 B | integrity.
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+ U; N9 w3 F( n7 ~ v: j0 e: w | competence. 4 L4 ]3 T0 V- G/ k
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) @* A$ F0 b1 _. p. E n$ D; hQuestion：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) 3 d/ z/ a7 ~$ r% G+ M$ n* ~$ p: B
1 r- f) p! n" r" J8 w | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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* @$ ?: k% X3 a/ \4 [ | 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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| C)
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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. : K$ Q' I; Z! O, C9 W" R% k
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. 8 H0 s) B6 F% ?9 W) n2 l" w9 B0 J
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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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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| not in violation of the Code and Standards.
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( @7 v+ R' |/ W | in violation of the Standard concerning independence and objectivity. + U" R8 P& Y. _8 `' y0 o" x' u
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. ! S9 w# n& ~* R5 q$ b
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| in violation of the Standard concerning disclosure of additional compensation arrangements.
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A) 4 ^3 a. X# c+ {* ]
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| the prospectus.
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5 V4 J2 U: X4 E4 [& U, { | a tombstone advertisement in the Wall Street Journal or Financial Times. 6 p& a* N9 A- G2 x; G/ }* l
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$ u6 ~4 S; w- [0 J f | the annual report. 9 E ?# K3 V6 {' z) W
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0 B* D6 z! Z! C | 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
