Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) ' h G$ H, h6 A$ b" R' Z
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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.
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| B) 2 H$ D4 [0 j. i3 p* ?+ }
2 l/ t% K+ V( Y0 V6 w0 D | 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. # `) h' Q7 b% y: R% U' M& T# B; \
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, [0 ~. p7 Q. L0 s+ 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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| D) 0 `: @; Q1 X7 ?, A, x
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. % B7 K) U! d; k. X
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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) 2 P+ z( f8 j) s, s! Q
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| respect.
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| B) 6 h. W1 k, ]( }& C
( x! |7 b o! b! |; k6 x1 a1 | | integrity. ( U) ?4 `( c+ C' I9 h" u
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| competence.
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| humility.
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8 K$ D! I: i* p+ t; cQuestion：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. 1 R# y* ^ r$ S
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| B) & K! w2 j/ b- v4 Z
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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. 4 b- L7 L w2 e( X6 K8 J1 l
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| C)
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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. 8 U7 V3 `1 l6 Z4 ]
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| D)
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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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& ~; N8 B( u* T4 AQuestion：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 s' D3 k8 @. O& [! {
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| not in violation of the Code and Standards.
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| B) + P1 X! @) ~9 d5 f5 A
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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. , o( T* U y( z! E
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus.
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4 I4 H' w/ K" M+ M, l. U4 G5 O | B)
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6 x' ~. g2 `' l) M | a tombstone advertisement in the Wall Street Journal or Financial Times.
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| C)
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/ O2 H- X5 i! _# v' C6 Z | the annual report. / n" _, ?6 ^; H0 @
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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
