Question：1 Which of the following is a CORRECT statement of a member's duty under the Code and Standards? A) + U \- i/ ~* ~! 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. ; N1 _6 E; {* z @0 r1 t8 z
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2 P3 c0 S* U5 M' d8 c+ f. ?1 ] | 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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! e% C. q: t& n' i$ v/ c1 Z | 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. 1 _& \ D+ n8 z4 q2 ~
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6 T. K6 ?% C: H- H, g; S | In the absence of specific applicable law or other regulatory requirements, the Code and Standards govern the member's actions.
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. A" h& Q4 n @! |# L) c/ P5 pQuestion：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)
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' B" c* i7 t# q5 d2 W! o) Q/ S/ m | respect. : m4 E# t$ X8 Y3 U2 I$ h; W
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3 z, c( ^+ ?1 m+ L | integrity.
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| competence. + d- F- P4 q+ j. }& x- v
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z, s n* d$ B; Y; FQuestion：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) 2 V5 Q+ l2 p- V f6 M5 D
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| must make reasonable efforts to detect violation of laws, rules, regulations, and the Code and Standards.
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) N/ h4 ~; n- I# `" R# L | are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. / Y' d) ]6 X5 C) [* P5 Z; C
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7 O- Z$ K3 S) @* g | are relieved of their supervisory responsibility if they delegate their supervisory duties to other members of CFA Institute.
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| D)
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3 _1 W9 }- {, z& g q0 M3 h( u! l, x | should bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action.
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5 e2 y* H; V1 M3 G5 j9 y4 HQuestion：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 $90. He does not disclose this fact in the prospectus of the small cap venture fund. This action is:
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| not in violation of the Code and Standards. ; p1 c6 p# f- Z5 _/ H+ P
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| B)
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| in violation of the Standard concerning independence and objectivity. / l2 `0 c( O) j; g' c4 F
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| in violation of the Standard concerning disclosure of conflicts to clients and prospects.
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) B* p8 V8 d9 [7 U0 R9 l$ t2 b | in violation of the Standard concerning disclosure of additional compensation arrangements.
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Question：5 Adequate investment policy disclosure typically means clearly identifying the policy in: A)
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| B)
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' ~/ g% j: v! L6 t3 J/ @- x | a tombstone advertisement in the Wall Street Journal or Financial Times. ' J4 Z7 {" T `: \0 H1 i
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. R$ ?5 o: C) j' O- z! a | 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
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发表于 2015-7-17 10:29:40
