Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) . A. b/ r/ x. r
, |5 l$ |4 m( l1 ^8 L | 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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* G! W% v ^5 c% I2 G( y. T. 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.
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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. 8 L3 q/ Q3 I5 |$ {. C* i
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G/ L# w' X+ |$ y) U | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions.
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l3 E9 Z7 b! S7 M$ X" I, WQuestion：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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! e# V1 E M4 s3 G9 M | respect. I/ ~2 w" X6 y5 x% h+ A
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5 w/ k- y3 ?: D% L c. |6 C4 \% M | integrity.
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| competence. # q* M: V2 Q2 x1 D" h$ Q
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" A' M' i7 \5 J1 ^1 K; V | humility.
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8 _. m* J; V0 x6 i" _/ v2 [& AQuestion：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) ! m/ D# F) H6 z8 |
0 x/ R% _. [+ U e' C | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. ( e# g3 z, H0 }7 E
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) d. _: R# b" w( V | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. 2 _$ i8 y, }$ d z
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' B- O$ I, K, U/ X1 A | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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" P! {- R- ]/ i2 i" I7 ~* v4 t* |, d | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. 8 R4 M9 u! I0 K( q9 E) i
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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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:, d0 R- ~& @4 [1 J
A)
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" U# H$ m1 Q# M, A8 Y | not in violation of the Code and Standards. + A6 V3 d9 I# r+ k2 b% C! ?8 B4 p
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| in violation of the Standard concerning independence and objectivity.
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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| 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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| the prospectus. + Y! `+ X* e" k; M+ g# z
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1 i& B+ K$ _3 ]7 x0 o | a tombstone advertisement in the Wall Street Journal or Financial Times.
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3 U; U$ n9 ]0 T1 p) F5 f | the annual report. 4 K. Q6 B8 a: z6 m# g0 m9 c+ m7 @
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) V* y5 Z9 g/ u8 [8 m B' q | 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
