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.
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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.
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9 x8 q8 R! y+ x& N' V! i* j9 g t | 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. 7 d2 r. Q u7 E, D7 x! n) R* b( ^7 y2 e
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. ( s* x0 v* n3 j- t& G
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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 A3 e: v* |# c3 M @6 H- U
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| B)
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| integrity.
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| C) 3 k# Z$ D2 X/ i' F
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| competence.
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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) 4 y7 W; H) q# |2 z' _2 z, }
6 }& x, H" G6 D& ? | must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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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.
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| are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute. y) A8 }7 i- E0 a) _
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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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) F1 E8 a# _ F/ O6 F5 h3 h6 _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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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| not in violation of the Code and Standards.
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| B)
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| in violation of the Standard concerning independence and objectivity.
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects. 1 i1 L$ ~9 U' O3 i& r2 G
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$ W0 k% I4 y! ` | in violation of the Standard concerning disclosure of additional compensation arrangements.
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* L3 z0 n+ Z7 ~( t4 IQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| B) 7 ^- p4 r) p& G# w/ k0 j
^9 O, t, r1 T) \/ i | a tombstone advertisement in the Wall Street Journal or Financial Times.
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| the annual report.
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6 Q: m8 C, x, J0 B' l7 `! ] | 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
