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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| 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.
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6 e7 x" |( f! ~" A6 z/ H, t8 ` | 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. 9 q+ {& e8 m' _' Q8 A J
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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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| respect.
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| B)
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| integrity.
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% V" @0 s. }3 o! |' u | competence.
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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.
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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$ a5 I9 j+ X+ g. T
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| C)
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$ N2 D0 C }( k/ x9 s1 U$ Y/ Q | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. + t& |$ H- b- @8 j% I& o: b
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| D)
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. % Y9 h _ X$ k/ F$ {% ?6 ^0 T
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^7 }3 ^9 p( r _7 c: ?/ P6 bQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:* t) @4 T0 H m z: ]1 N/ k7 g) |
A)
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" C+ |8 {& c* u/ L* U9 } | not in violation of the Code and Standards. 9 t; {( y" T K8 i
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# N$ ^9 f7 j/ V, }. r/ I | in violation of the Standard concerning independence and objectivity.
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5 `; N8 g% d4 V: g0 |( J | in violation of the Standard concerning disclosure of conflicts to clients and prospects. : g/ B9 X, _# p1 ?/ h/ ~6 _
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& T9 ~. k, H2 R+ E7 T6 {) i+ i | in violation of the Standard concerning disclosure of additional compensation arrangements. & w* {* I% d* F% g( G0 ]
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus. ' J7 u- k3 ?( I+ Z( P5 S
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| B)
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| a tombstone advertisement in the Wall Street Journal or Financial Times.
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0 T0 a; T- v( W. q, t1 t/ W6 k | the annual report.
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0 k5 h6 r3 A, U | 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
