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. ; ?5 z3 O$ |; G
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, z# n8 u6 K W0 o0 e! Z$ W | 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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) v- m2 j5 c! @# j" m- d1 i | 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.
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| D)
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$ n$ Q5 ]5 s$ z, _: p& b7 \ | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions.
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" @6 v+ e$ K2 D; l8 p1 p5 mQuestion：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) % W: U0 U! ^6 ?8 W$ ?
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| respect. ! \! V: `8 z8 H6 @
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+ z" m: w# c$ H8 d3 Q | integrity.
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| competence. 7 ]* g6 z2 P: R8 L. \
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| D)
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| humility.
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& @3 ?: I7 _5 d) {: @6 VQuestion：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) 1 ?' V! Z+ ]6 J
1 u1 v& B+ b6 J6 V9 g8 l, s2 U! p0 ^ k | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. ( e1 u5 O" q8 p# O8 U- b
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* q& H1 q- }- N) 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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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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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. 0 e7 g! T5 p/ V+ p* c1 s
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' B; d' `5 }; m( |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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:6 y/ q" _* E) _6 J$ r% m" O K
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r$ q9 M& W9 ~% V( r+ C | not in violation of the Code and Standards.
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| B)
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| in violation of the Standard concerning independence and objectivity.
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7 H: K$ Q* F3 K | in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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- d/ G5 u( H* `0 K. m( o | in violation of the Standard concerning disclosure of additional compensation arrangements. ; F2 \. z4 G# S3 F5 n" G5 u
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' r. ]9 l; X1 P# u+ ZQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A) ' b4 ?( X2 s6 x6 O$ y) l
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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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' J- ?- R& W0 b6 n% V& 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
