Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) 8 k, A- l" ?; Y4 B* [" ] V
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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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' e# v: @* Z( E' 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.
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| C)
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+ q5 G4 h; R8 J0 @+ m | 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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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. , J9 x& m* Q- a3 g5 I2 Z
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; R. _. z% g) I1 ^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) ' M+ [1 U$ i2 ~: L$ l
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| B)
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| integrity.
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| C)
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8 S4 p6 ~5 |1 a$ p | competence.
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| D)
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/ C' B* q# z: }4 H, t+ h | humility.
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9 Z$ Q9 w9 ]6 f& VQuestion：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) 3 A. D1 R6 H1 x
% t! d/ i* @+ j | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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* P" e$ o3 l" |: d3 }+ \5 n% `+ M2 M | 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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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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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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& p0 |& t6 P3 |) n! _# XQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:# O- v: y/ M& p0 b" y" S: K
A)
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| not in violation of the Code and Standards.
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" q% W1 l* V( O& Q | in violation of the Standard concerning independence and objectivity.
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. m S; b6 Z4 } i/ E+ m
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| in violation of the Standard concerning disclosure of additional compensation arrangements.
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: m' u+ O$ d4 v" I& E/ E# zQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| the prospectus. . B! [3 _, v3 M& _
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| B)
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" p8 O- t0 T- i1 I1 b3 y3 _ | a tombstone advertisement in the Wall Street Journal or Financial Times. - y* E' _" b2 ~) f
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| the annual report. + S1 ~0 J$ L7 H9 U# _4 U6 B
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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
