Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) ! T7 A( W- _3 U* \0 W# S2 K& ]
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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. + ]- J4 t" a* k0 v6 V6 G
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| B)
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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. . Q0 P( z r% o O- z/ W% S4 I9 f) _
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| C)
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! \5 [! Y4 W* ? | 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. c& j" Q5 R9 f+ b+ Z
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| D)
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| In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions. 3 [/ a* n8 N9 M1 S
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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) , ]1 D" e p! V$ e
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k0 E4 {" _# V+ ^5 I | integrity.
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. ~1 g9 d. g i) ^+ G6 [. K | competence.
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: K) @' J! t% h" X | 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) 5 t& S8 a6 @! Z5 c3 F5 P8 O
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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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| B)
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8 }! t( I. R |, a. q/ y | 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. + k' F* G* K1 l- N* {
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3 e0 r6 V( W5 a7 P f | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. z N+ X/ a: g0 s4 b
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6 Y/ k- E1 e6 P3 WQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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6 P5 j# p& J& b6 `$ F | not in violation of the Code and Standards. ; K3 i' c# E# e9 W
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( P# d$ Z% f" u | in violation of the Standard concerning independence and objectivity. V% i' k2 Q6 s
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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' s! D2 \/ X+ d' N | in violation of the Standard concerning disclosure of additional compensation arrangements. 9 c& i8 _4 N# ]* k( H
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. d; `4 ~ R9 w- GQuestion：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A) " E3 U6 X: }0 G) d2 }* |# x
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| the prospectus. ' m; Z, }$ y7 w# l% r$ a, _
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| a tombstone advertisement in the Wall Street Journal or Financial Times.
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| the annual report.
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| an annual letter to all fund shareholders. |
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发表于 2015-7-15 16:09:06
楼主
发表于 2015-7-17 10:29:40
