Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) - I8 v5 ~% v! I; m9 z
7 ~/ I" h- d3 O/ z. t | 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. ' o5 `0 M" @% \6 q: h
! a" w; `+ c7 A7 y | B)
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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. # x' U1 P; Q# E9 B- Q
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| C)
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( n+ i3 {3 K, r3 H* l5 g | 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. 0 `! L, g3 H" a
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| D)
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions.
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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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! V1 C4 B' A3 m( O! A2 H8 Q | respect.
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5 p# ~ }+ I8 c4 R8 G | B) . h- h0 q3 C$ ]/ @, `0 T% o1 x
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| integrity. - [/ c9 h2 s3 X5 b4 [# ]9 S
0 b! C9 }4 `4 {0 C | C)
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| competence. " ^0 p: K: N$ j5 G8 [8 n
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| humility.
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# P0 u9 H4 a7 Z2 r2 g+ q8 tQuestion：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) 4 @2 X- a/ c- u0 u5 [
5 x. U! d8 o5 k | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. 0 v. c; p/ J6 \" l2 Y4 C- b0 X: O
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| B) $ K) L0 k' e1 _- @* P6 e( v
* P T3 d+ ?, H) c | 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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& h) x% X- P2 w# B. h | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. 8 [7 o6 F7 W- r+ Y4 C( v1 C
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; q' `5 T6 f4 i" ^6 L$ A$ eQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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9 O$ X# c, j/ p; Z: T# L* ^ | not in violation of the Code and Standards. $ K9 V' G4 q7 X! n9 n j; _) Y2 J
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| B)
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| in violation of the Standard concerning independence and objectivity.
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K$ Z7 B) O6 E8 j | C)
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. 9 _- G4 v/ m, N
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2 [$ L9 U! O% e+ P9 [ | in violation of the Standard concerning disclosure of additional compensation arrangements.
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; @2 F6 v A0 V' Y7 e: b6 S/ o5 dQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus. ( q* f9 d* q8 U D+ E2 d. i& P/ y
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| a tombstone advertisement in the Wall Street Journal or Financial Times. * P% i. _& e6 l1 r3 S- `
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| C)
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( f* q' f9 X. r9 y! J0 R# Q8 b | the annual report.
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| D)
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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
