Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) 8 U* w: q( w3 d f
v6 x6 B7 S: h! ^" i$ n* g" M" q& W | 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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| 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. " @/ B/ u# |6 Y
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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. ) ~/ B4 ^ @4 J7 U3 M
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% ]4 Y) h# e4 l5 O, i E | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. , R/ p. ]& ?, f6 g2 c) ^+ \
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2 r: x% W- X3 A: N' A5 D* j: WQuestion：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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( w. g' H9 a( Z( q1 m+ F6 x$ [ | respect. ' Q$ L! q/ K) i( |9 K
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| B)
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" u4 f& a* M9 q7 B1 |. _% v( @ | integrity. - X r* J+ W r/ |7 |
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| competence. 2 ^( u) A. M( }" J
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| humility.
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) ^) ^% H6 Q$ A4 Q: bQuestion：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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& w5 a$ w( B, n2 j | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. / B$ f9 L U: Q1 `4 Q
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6 d- P6 _$ S$ A) s, m1 d | 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. 1 T6 a0 M1 S/ t! v! p
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$ k6 A( X& h0 I7 {+ e( d8 G | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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8 H/ c/ v) c& `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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:' {. Y* C/ |, q( a% E
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4 r( a, O' }! |3 h9 ^ | not in violation of the Code and Standards. 5 ?# h g5 S+ x3 T# a2 F
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. r" d5 s- i$ p | in violation of the Standard concerning independence and objectivity. ) {. s7 \: o2 _
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. ( d8 p: H7 k$ ^6 ?! P
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| in violation of the Standard concerning disclosure of additional compensation arrangements.
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( I/ P% a, W- |" M. H2 \) A) @5 T; z+ qQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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) R5 Q& S5 f; U! u8 G1 X+ [% v | the prospectus. : ~& _, a; s( I! p' L7 f) i
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| 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
楼主
发表于 2015-7-17 10:29:40
