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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7 G. {1 I5 U L% z7 e% u; m | 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. " p7 m/ N8 ~( F7 f4 {
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| B)
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; B9 B: z$ D$ O- t8 y! j. z | 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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| 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. $ X- n$ P# W4 D$ `
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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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" N& I% u# w- K( l' s | respect. 5 B) X4 t {: S8 V
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| B)
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| integrity.
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" e e: @9 _7 d y | competence.
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| D) 9 A+ x% T; P! s8 A4 O3 x( w% _
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| humility.
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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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/ J( _4 ?% q2 n* n/ E: v) H$ j. L | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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| B)
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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. + h% D( q' ?6 B4 o! H0 B5 I
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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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, H8 X2 V6 j" j. w$ C3 A | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. / D7 [4 O; L7 d, m& ]* F( v
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( o, B" q" `) L4 ~5 T5 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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:2 T6 l% t% S. F0 c9 P8 {
A) 6 ^; N8 [' Z j+ a" v( c
( J$ d" o i' F1 S8 L7 f | 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. + L% N: m; v+ w" f
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8 e X( I# u5 d* e: L+ V | in violation of the Standard concerning disclosure of conflicts to clients and prospects. 2 k6 p8 ~+ D' a0 h d3 q9 ~& \" A7 a
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| in violation of the Standard concerning disclosure of additional compensation arrangements. ' r. R5 _. |. o" B/ ]( l
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, Z, V, a* e' |/ q) gQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus.
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| a tombstone advertisement in the Wall Street Journal or Financial Times. 4 N) d' o7 c( }% R2 ]5 w
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| the annual report. ' `1 F7 M$ o3 p4 E& m
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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
