Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) + m6 {1 g+ M0 v# E
, t0 b1 F8 L$ 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.
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0 w# K4 R' u" V. r0 b, |2 P* L5 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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| 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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! k* I& p, s# W/ n6 Y" C! I7 {- k! a | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. 2 E0 K. |$ s' @- F7 @3 X' A; ^
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" d* Q/ x/ e3 _9 lQuestion：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) 6 z+ Q: {; t) q/ l/ G
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| respect. 7 E# o6 V+ ^5 J# |& F" T
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| integrity.
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0 H0 q' t+ N/ H# u# Q/ }4 n% t | competence. & o, e. D) m7 D, n% y
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| humility.
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& ?) a3 S" @9 v' m1 c' s- ?6 zQuestion：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) $ r1 }) N# f4 W3 a- ]" a
* ]6 q7 N& ?0 b+ h | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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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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| C)
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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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| D)
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+ E' r9 `. i" I' H, C5 I* W | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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/ l3 O% b+ K! E( n0 mQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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F/ Y, G4 |5 b3 `2 M" _ | not in violation of the Code and Standards. + P8 `/ k, ~: y6 Y
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| in violation of the Standard concerning independence and objectivity.
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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/ y% Q, M3 k( h+ d3 @5 q; K | in violation of the Standard concerning disclosure of additional compensation arrangements. , {# o" ]3 E9 b* x+ E3 L7 S; F" p
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A) + q4 Q! G4 I: _! O( H2 ^" a
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| B) % N$ z0 |" {' d8 U1 L! j
) w8 o/ i2 L! A$ b/ a! J | a tombstone advertisement in the Wall Street Journal or Financial Times. ; O' J9 |4 |- {# z2 v& n8 O7 s
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- f& ^" W6 K# z- r, S# v | the annual report. : l; D1 M7 I; F2 D j
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/ E. u& H8 k7 m, S | 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
