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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' P2 v! o) @( U | 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. : p9 t! \) k: v; o# h: |5 U. l$ O
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7 e8 C5 H) R, }# _4 N/ ?- ^( S | 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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* c8 l# q* B" f9 g% O3 z | 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. " Z$ T4 q* f9 t, l4 Z
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. ( g5 l& [2 C) U9 u8 q) t
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' Y5 _* f/ Z* r8 [% s, BQuestion：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) . q) e$ y; |, [
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| respect.
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| B)
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: q5 I0 F# b5 x/ P5 {: B | integrity. 2 N" r( ^6 L$ m. X$ p
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% r1 p7 z" y+ r9 @# [! f# z! b | competence. - D9 N5 L2 b8 q u2 i
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| humility.
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& o0 L* P% C- v9 `/ g) v& oQuestion：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) 6 _1 ]( x {# H8 K/ N$ e
7 @# p o% s9 y4 j0 t( r6 c | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. 0 Z# b: k+ l5 n
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| B) 9 d3 P- x. }1 b& o! o4 Y3 w. s
9 _- n* W% @4 ?: ~; D1 f1 u- ?# W$ ` | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. ( O* i0 S1 }% l" y7 k
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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. - ]' Q+ F. V5 C( H7 k: S5 H
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0 i- {& ~2 v; a$ L1 M$ {# C | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. 2 Y, k) A' y( U- g* M2 M
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9 d' J. ^" N0 lQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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| not in violation of the Code and Standards. ; B- q! M" a( W2 t" u
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| in violation of the Standard concerning independence and objectivity. / Q" r/ B4 ]; y: y. T; W3 U3 f( M5 g
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| C)
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. 6 Y0 z/ e3 v# |! B8 E4 q
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( s: K7 S# x) C) R | in violation of the Standard concerning disclosure of additional compensation arrangements. . y2 R5 `$ w4 k, K" [/ F. g" E
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| B)
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| a tombstone advertisement in the Wall Street Journal or Financial Times.
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| C)
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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
