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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( v" W, b- e! |- R7 ~ | 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. ( j" R, k* B# O0 h6 A8 Y
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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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3 @1 K' R3 z W! \ | 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. , o D# ^/ z; D/ q1 H
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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) . Q1 Y4 N6 n: Y3 M. y. e
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| respect.
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| integrity.
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| C)
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- k" S) R* }$ F$ [' H! w0 x | competence. 7 l/ P9 q$ i4 P1 W/ `" z* |
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- z/ R) V& o/ @$ y4 I | humility.
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/ m' {0 M+ V( f5 gQuestion：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) v9 E4 c q; ~) B3 ~
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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. " C& K& P) V+ j) [
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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. ; g% H- e' N8 O2 A; D) _* Q" ?( a0 D
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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. # [& Q( b$ Q* }. a% Z" y$ ]: e7 x5 b
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. ' R( u0 e3 v4 a
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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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:" V1 B/ y0 I p" Q5 r! y
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8 v& ?$ K; q- d6 U: u | not in violation of the Code and Standards. 7 m: ~ U9 t u4 E. @
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| in violation of the Standard concerning independence and objectivity.
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; s# M' U% k, w& C; [) s | in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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3 A- ^/ T* c2 I! Y. \ | in violation of the Standard concerning disclosure of additional compensation arrangements.
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3 p. k4 T+ s8 q- BQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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$ Y5 B. |5 _/ Y* W- v" O: t/ O | a tombstone advertisement in the Wall Street Journal or Financial Times.
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6 S! M4 n7 n: ?7 y | the annual report.
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$ m8 q8 t) w" G9 Z | 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
