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. ) p$ z7 o; z) h
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% u7 u9 H. K7 d# B- T | 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 e! s! X+ ~2 @5 V. e/ {5 a | 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. 4 G9 X+ f0 f5 ^
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. ! [) n5 x0 s$ d) p% h/ u$ {
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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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/ |# Y+ s/ U5 ?7 j9 _% Y8 _ | integrity. 6 T, g; U0 E" p, Q$ B4 ]6 `
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| competence.
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1 G* P( x% `) C4 X9 [: eQuestion：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) ! }& A4 R ?* ~
+ ]( w# r6 u7 d( Z* e! ] | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. E) w2 N8 R9 c4 r" @5 e' x: r6 ]
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) m/ q z; Y5 f" E+ v$ l! ~$ ^0 X | 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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& s# u" r: o! \4 Y4 s | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. / k6 ^$ n9 V/ d+ e8 g
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4 v% p5 i: }! T7 V2 J | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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6 |, |1 W( X- }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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:$ {& a$ ]- }* E3 g' X
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& M6 b% `$ o) G; R | not in violation of the Code and Standards.
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u# x: i7 y2 ]; @( h" g" \' o | in violation of the Standard concerning independence and objectivity. F5 k. ]8 C7 R# s! {
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. ; {8 O# M7 |/ ~4 P9 B
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' h" U$ y7 Q* R# ?& a: y | in violation of the Standard concerning disclosure of additional compensation arrangements.
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| a tombstone advertisement in the Wall Street Journal or Financial Times.
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% ?4 D7 @9 x1 Q: U( y | the annual report.
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1 A- B0 T4 O, N1 T" q# g( {2 m | 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
