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) 4 n& X% A: k! ^
* X8 x+ x( Q( H" q; V: [/ V | 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. * S$ s% I f$ C; w. \1 H
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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. ?6 W) U1 }# S6 _& Z
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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) % c3 k' ?+ D" _$ _0 k2 u3 V
N6 q$ r* H+ U8 ^ | respect.
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| B)
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/ _9 ?6 _9 c/ C/ W- C5 H% _ | integrity. 0 i; B+ n% a% P" `' {
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| C)
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9 z5 H) H' _- M1 T | competence.
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| D) 5 G; q( s8 A8 t0 ?" f
* {1 w K, i( k) }: G | humility. 8 g9 ~+ Q( @- c1 n
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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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' T( I' p8 o' e/ c# \+ l | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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* [1 M5 c% u7 R0 t& A+ X( n% W8 s+ B | 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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' J- S- Q, @8 v& A | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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8 I! j, X3 B7 x. x( R. PQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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1 H9 X- D" b9 l0 R7 d( b | not in violation of the Code and Standards. " a. V/ |) F4 \7 R
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| in violation of the Standard concerning independence and objectivity. * \2 ~) x; n3 C$ z+ q# ~4 ~
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| C)
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. 5 a6 y, j# O+ ]" w3 D9 P9 K$ L# v
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| D)
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| in violation of the Standard concerning disclosure of additional compensation arrangements. , Y, k+ J# {* I. y! I% f7 F7 G
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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$ R" @ V6 R6 U | the prospectus. # e5 o1 J! b+ ?9 ~+ J
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5 Q2 H0 m, c$ @/ B3 K" e | a tombstone advertisement in the Wall Street Journal or Financial Times. 4 ~% e, e. C0 ?+ ?
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| the annual report.
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| D)
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| an annual letter to all fund shareholders. |
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发表于 2015-7-17 10:29:40
