Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A)
9 S: l" |9 J" D& j$ ?1 p$ P, f) ]6 f- u# k4 Y
| 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. ! C( n3 e+ ?+ k
& A. T3 R# _5 ]% { | B)
! r# \& l, R& z% w# h) {9 [) [5 f$ `2 d6 K& i, K
| 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.
# ^1 x' @, J3 m# Y; m: M7 a) y2 p5 s+ R7 I/ \! A4 i
| C) 9 `* W& f5 r3 l3 A# a& n( N
/ y( Z/ M( m- R% y% a" t | 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. ( V, ^* P4 v2 l, X7 v O0 ]
+ v, V# i7 {2 Q$ N L
| D) " F* H- m( n Q. L) R; S1 W
4 B0 i5 a3 t( }! K7 k
| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions.
# {' a" y: I5 `8 Q$ B# k
) L/ l% U% c+ ]( _2 p% m& W |
% G0 g8 v+ l v. ^$ ~3 Y/ F- |0 t
) Q; J2 n2 W, F0 H+ M1 N4 E
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)
8 x5 O( r0 u. c
1 u. Q( v1 i; V) z | respect. ; }& g/ R5 I% g4 F5 {1 v8 i
0 r" r# B" M6 s a | B)
( P# e% h2 F. G4 l4 n' h/ q: l8 p7 }% t- e3 x
| integrity.
6 y& k3 t. M, d( H) P
4 |7 M/ n2 M- \+ j8 |6 N) b/ h | C) / ? |5 \# t& u% N3 q4 p1 G6 E) [
) f! z: g( j" Z k! x- p9 ? | competence.
: [9 M) q2 D! ^: A3 Q8 E5 x3 V" F: h s+ u$ W
| D) / t0 `4 p# K- `; V/ \ o
k1 N1 J1 H# z5 I2 T | humility. : N+ s, ~" q! O
' Z; q7 l3 R4 x l& Q% A
|
( M% q; D9 f% T1 q% Q! m! L2 @
& ^9 z( ^4 k/ C1 }* _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)
/ [% X1 Q5 p3 \: o. M' @" G5 n" Q- [' Q. J3 ~; ]3 k# O) ?
| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. $ A( r; m$ G; i, Y8 k8 A0 B2 J
1 l# ]% s9 |& w9 L* Y
| B) ) E) R9 s& ^2 F$ U; N
3 j, g t8 k( `( g" G | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. 6 e$ x+ c# [! Y/ U* j( d0 r" p3 g
8 A! Q4 ? m. o | C) ' V6 V$ F/ N+ p. | k' ^8 n6 g
& j6 o h8 ~ L* J- Q4 G+ y/ s | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. + I$ p* v8 p. a2 m# S
" s6 w$ b8 O) _8 i* X2 `1 H
| D) 8 U1 [ ^% G8 i6 j$ c% e" b
+ k1 W( P$ n7 j/ Y+ I" x | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
) l- O" W6 R4 }6 g
9 g" V5 n- H' p5 T6 p6 R |
6 ^8 u# A. N5 P& H2 F" B) T2 @: Y. j! C. g* P
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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is: |* I1 J& d3 A/ K! @" U# g
A) 4 o1 z; G% V. g% o1 k
% u) l* Q8 f4 W9 @ | not in violation of the Code and Standards. / G6 h' _ \3 y+ f
" b4 _/ z% D" I! t/ {
| B)
L5 B1 p& L0 }4 y" N) \* Z# F8 h) W; X6 a$ l
| in violation of the Standard concerning independence and objectivity.
% _; ^( w9 I# W$ O
; [% ^: r$ B$ P5 v, H R | C)
- m; ?" N% q7 Z2 _- v8 A {' ~4 U, u/ Q3 s6 N' D& q+ h! s
| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
% d- I" W, M5 j* X0 {* Q( C0 B; B: i/ F" J& k1 S
| D)
: s* u% N' a" L% W% [& ^: k7 E. ]' Y- E0 U+ U! ?0 H+ r/ J
| in violation of the Standard concerning disclosure of additional compensation arrangements. 0 b8 H3 e( t, k4 t! p
% U0 m1 C ?6 I' R
|
3 X/ J) _* l3 \+ Z& t; D# Y- v5 ]Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A) 9 ^8 V, G9 x) P
" f) ~5 a9 C# S- x
| the prospectus. 5 [0 C. M0 a1 T. O! P, L; @
" o6 l$ w4 K6 U/ ^- B( [2 }5 q
| B)
, L+ Z% z$ W4 c/ r; \' @, b1 A! p7 c) Q+ R, _ K0 P7 l
| a tombstone advertisement in the Wall Street Journal or Financial Times. 4 ~) L4 V0 l7 N, l2 \( P4 q
# y! M1 j& F% X' v
| C) ( I; f; W2 H. f
9 j5 n. ?" ]2 \4 g& O) E
| the annual report.
" Y* Z" v) a5 v; v0 S
# }$ B# ~% C, e/ I0 R* ~ | D) - z+ C+ T$ L' v" |5 v+ m! K# ~
* q+ U" W# ? q | an annual letter to all fund shareholders. |
|
[复制链接]
发表于 2015-7-15 16:09:06
楼主
发表于 2015-7-17 10:29:40
