Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A)
! W. W; g0 t3 c! {4 O" h2 }4 Y8 w$ |6 \) ~/ b f8 d
| 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. 7 ?1 Y2 @: E1 W$ p, r* C t
) [8 T7 ]% @$ Z) @$ A$ X/ C
| B) $ p0 K2 k6 ?: O6 r" y: e
6 e9 o5 ]# J, [% Q7 ~. @8 N+ {) y4 n | 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. $ P' \ Z. b' s$ u3 j/ q
3 p2 @$ Z2 W& l0 K0 {! h$ ?- C
| C) A5 `4 w$ U" z2 G
8 ]' p9 V3 c7 P0 d$ X7 _ | 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. ' G" ^* g- Q% X
& \! e3 @" ]+ e/ D! Z0 H
| D) 5 A( E, W9 K+ d J
P1 n7 | G+ f5 e | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. : D; B) X( w" f p7 Z% K' o- [
( N5 h( t. G1 ^ `
|
, ]+ K4 B' J/ E3 _3 {+ `- ]. n
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) - g2 f+ C1 a0 M. x; ?
- x9 F4 x. q1 F4 R4 U9 V( w3 _
| respect. 1 j9 v, u9 H+ A; V7 g v+ i& d+ Z
( W( N. W- w) R3 e+ _; P4 X | B) ) a0 P0 {8 r* p, V+ _5 J
0 r* L' S& n8 h+ A
| integrity.
6 }1 Z" H& r* z# X! c7 F: g8 v/ {
( d3 T7 }; ~! i3 _( _3 g. U | C) , G# C& `' r# m$ a, Z4 P
3 s0 |! |7 t% y; h | competence.
. a! q, K$ B8 y, W& f0 k+ l
/ P+ c+ V7 O8 }' b& r( Q | D) + t" w2 k" T+ i% [9 |- @1 s1 H: V
- P, \' |; E8 t( I7 [9 @: D) s
| humility. " J& J& D* t$ M; T. Q9 H f
8 c9 }+ C5 Y0 g
|
/ N$ C ]0 _ n9 `: q
) ` `) X+ F0 G: D* n. n' yQuestion：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) % r" X6 v* ?: P. H# n m" g2 ]
# U, ?* O2 J7 y Q | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
/ ~1 Y7 f( _+ f5 |# N9 S$ |/ l8 q( Z1 b/ ~1 v1 h
| B) & R. ?9 x$ ?5 O% x1 B0 J) D8 M+ S( _
& H0 l% Y6 S* Y( i | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities.
) a; E5 A6 j7 ?; y3 h1 t2 B
1 y0 q" ]( |! L | C) ) ^& H" \; ~- @) |
, n3 ?: ~ a- x+ q
| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
8 x- J: ]; V# ^6 c
; V. M" d f* w8 k8 K | D) 4 F1 \- U0 n% @5 S' K- P. @
% W# y- H- v4 b1 K8 ~' m | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. % g4 G% s! h/ m5 B/ l% O
% [4 }8 |& N, N' r K7 z3 e
|
' u( v1 } e4 K* n1 R
( U- ~4 P5 o' X: Y( a/ W mQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
! _: {/ K/ X# T* @A)
5 Z% G3 s1 ]0 Q' x% w" |( Q8 o5 i6 o& x' f
| not in violation of the Code and Standards.
2 @+ x: Z l+ y
3 _+ j8 G y! U: }, k* \; S | B)
" A/ g. Q' e0 n$ C
1 P9 u' F1 V B+ A1 P8 C! k, G | in violation of the Standard concerning independence and objectivity. 8 B+ S8 t7 K1 b4 I l9 e& F' L
3 R$ }) o& ]8 o3 j& R) b( }. v7 }
| C)
. y7 Q. P5 \0 [
4 o5 c8 W/ ]% d' H/ Z! j | in violation of the Standard concerning disclosure of conflicts to clients and prospects. ; \8 X5 k7 _; P5 P: n" V
% @ h m% P/ D: g | D)
; o0 O l4 D1 |$ ^4 w0 x" L
1 E! k/ S3 A( |) Q: a! L | in violation of the Standard concerning disclosure of additional compensation arrangements.
. J# a8 K1 B. }, _! b, L
' a+ D% p6 t/ k+ r4 Q |
" k; _( w7 V& S/ P( [
Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
% h! v! b; g" D* z8 x; K$ F0 G0 }( p; `
| the prospectus. $ T* G6 [, q% p7 a- c
& M4 X. r: l$ i2 b( V7 P
| B)
( `( u1 Z# t, w4 h& {+ e+ C8 s# p3 e
| a tombstone advertisement in the Wall Street Journal or Financial Times.
3 ^# d' P! H8 l1 b
1 \# C. N, k) H | C) " P1 e0 ~7 n9 }! m; L4 Y' F# Z4 z
/ e! m/ ]2 F: E5 x5 A4 I) T3 d
| the annual report.
7 m8 |% g1 r! d
' C4 A2 f; Y: J | D) k( t! ?+ a3 D2 C8 r# X2 F& M' P+ E7 ]
3 t" X9 l, L4 ?3 } | 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
