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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$ N2 V4 ]( [3 I( {" L9 ]0 J3 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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5 ~- B( S9 E, W0 S/ E/ J | B)
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F5 ~+ k: P5 B. v1 e | 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. ( y6 K$ t. t% }# V1 I" m
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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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6 q4 k$ I8 f9 x3 ?$ M9 m; I1 [) e! L | respect.
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| integrity. 9 \; _5 `, i0 ]. r6 @3 L( ?6 H
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| C) ! A7 M% c" o0 d8 a; P" W- K
1 u; ]; N' K) W2 N% F+ t | competence. , O: ^" v* u& b" H6 T" B
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| D) - i& h$ ^8 B8 R) ?* f) I# e5 o
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| humility.
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Question：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)
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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. 1 a& f0 b- d% f2 K
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, g6 j+ w4 `2 W& Y+ X( \ C | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. - L3 K7 K) m) V0 v) ?* o; R
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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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+ a$ h, L7 v; V/ ] \! O | D)
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) G1 Z1 X: i- e | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. , f( a g7 ?" o0 K! W4 o
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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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:3 O4 T' J. J5 E& L% U% X
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| not in violation of the Code and Standards.
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| B) " C' p$ W5 Q$ e9 n; |5 n8 F
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| in violation of the Standard concerning independence and objectivity.
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| C)
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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| D)
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| in violation of the Standard concerning disclosure of additional compensation arrangements. 9 ?9 r: a. Z# B
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- M2 | Q/ |! [: nQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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w4 ^9 |% |5 T# v. x" q* R | the prospectus. 3 `! I4 T6 R( u- K
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| B) 0 M4 ~5 i2 W' g
. k7 O7 V( v- l2 i& r | a tombstone advertisement in the Wall Street Journal or Financial Times.
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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
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发表于 2015-7-17 10:29:40
