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. 9 ~/ A' `. i+ t4 w5 z- x C
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| B) 8 B: d: [. Z5 f" m6 M$ y
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| 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. ; b& [6 _! t0 a& P7 m) c4 L! y( ?
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% _! {' G$ [7 H* ^8 O; ` | 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.
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1 o7 H* A8 N* }9 B& X) _% [% y | 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) 3 R+ @2 ^, x9 L& Q) Z
4 J& c3 q$ y" {# ]) d | respect.
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| B) 4 A# m0 k5 C2 j2 V H' S& Y
& Z7 T4 a# K$ x, R9 r | integrity.
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| C)
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| competence.
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| D)
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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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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards. 0 Z# w. u. s) R, @6 T
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| B) 6 F+ W- c V9 G
( t' ~% P$ e2 s | 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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/ ]$ D0 |$ o" t& T: T+ a | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. & M" h! v' p) ?, i% X/ ]
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| should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:. \5 P0 D, ]( \& Q2 ~6 l
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% P- I- R1 O; m( X. M | not in violation of the Code and Standards. 8 W5 S5 R) \* {6 [
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| in violation of the Standard concerning independence and objectivity. ( K, j$ d9 t0 |$ q
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. . ]6 J# s# q7 e6 e% ?1 m
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| in violation of the Standard concerning disclosure of additional compensation arrangements. 1 U. b1 e5 h0 u8 }5 v
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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1 q' Z' P+ [( A2 _7 @ | the prospectus. 3 [: S0 q5 U) X' f
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; u" S1 j2 b* r; h2 ~# I | a tombstone advertisement in the Wall Street Journal or Financial Times. $ g4 u! R- m% M }; k* y0 r# T
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6 {# G6 @: a; D7 C) z3 N | the annual report. 3 e9 O* J! ?$ B: }# M0 }
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| 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
