A.A portfolio manager accepts free trades from XYZ for her personal account for directing the portfolio’s trades to XYZ. She does not inform her manager since there is no cash involved.
B.After informing his manager, a portfolio manager accepts money for giving a broker information relating to a client’s financial standing.
C.A portfolio manager is offered a free vacation to increase performance. At the end of the year performance is up and the manager accepts the vacation after info rming his manager of the fact.
D.A portfolio manager is unexpectedly offered a vacation at year-end from a client who was pleased with their portfolio’s performance. The manager accepts the vacation after informing her manager of the fact.
第1题
A.must report all legal violations to the proper regulatory commission and is held responsible for participating in illegal acts when the law is evident to anyone knowing the law.
B.is held responsible for violations by others when the analyst is unaware of the facts giving rise to the violation.
C.is held responsible for participating in illegal acts when the law is evident to anyone knowing the law and can participate in a violation by having knowledge of the violation and taking no action to stop it or disassociate from it.
D.is held responsible for participating in illegal acts when the law is evident to anyone knowing the law and is held responsible for violations by others when the analyst is unaware of the facts giving rise to the violation.
第2题
A.A young trainee bond trader tells a prospective client that she can assist the client in all the client’s investment needs: equity, fixed income, and derivatives and based on her years of experience as an analyst in the business that an investment looks like it has lots of potential.
B.All of these.
C.An investment manager recommends to a prospective client, an investment in mortgage IO strips because they are guaranteed by an agency of the federal government.
D.A broker says XYZ stock is 100% guaranteed to double in value over the next six months.
第3题
lients. They have not been in contact for more than three years. Recently, Alex suddenly called Yuan and said that he made a lot of money and wanted to invest in some high-risk and high-yield investment products. Yuan immediately recommended and invested in some private equity funds. As usual, Yuan also prepared the list of these funds, the details of the proceeds, and sent them to Alex monthly. Did Yuan most likely violate the CFA Institute Code of Ethics and Standards of Professional Conduct?
A.Yes, he violated for investing private equity funds.
B.Yes, he violated for the details of proceeds.
C.No.
第4题
stment return has exceeded 50% in the past three years. Based on that fact, he can guarantee such return to his new client in next year. Which of the following statements is the most accurate to comply with the CFA Institute Code of Ethics and Standards of Professional Conduct?
A.Yuan can guarantee that return to his client based on his excellent investment history.
B.Yuan does not need to mention his role in the history of investment action.
C.Yuan failed to distinguish the fact and opinion, he can’t use his historical investment return to imply the future performance.
第5题
trust fund.This trust fund was established by a millionaire, and the beneficiary was his minor son Jack. The IPS stipulate that the fund is to provide Jack with living expenses and tuition fees, and continues until he is 40 years old, so the fund required to invest low-risk and stable income only. However, Jack found Yuan and asked him to invest in a private equity fund.Jack believes that this private equity fund can provide a very good return, although there is a three-year lockup period.During the lockup period, there is zero yield and cannot redemption. Yuan accepted Jack’s request and invested in this private equity fund.Did Yuan most likely violate the CFA Institute Code of Ethics and Standards of Professional Conduct?
A.Yes, because the decision against IPS
B.No, because the beneficiary is Jack.
C.No, because the private equity has a good return.
第6题
A.Public information.
B.Non-material nonpublic information.
C.Both A and B.
第7题
s a senior manager of KPMG. During a family party, Linker mentioned that he was busy working on an audit of a car maker company recently. Linker also mentioned that the car maker company might encounter financial distress. Jack just listened and did not think too much. A few days later, Jack solicited a new client and found the client heavily holding the car maker company. Jack did some digging into the car maker company and found nothing about the financial problem. Which of the following actions is the most appropriate to comply with the CFA Institute Standards of Professional Conduct?
A.Do more research then sell the stock.
B.Sell the stock directly because he has soundness reason to do that so.
C.Do nothing.
第8题
Yuan’s research report quality and invites him to write an issuer-paid research report. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, Yuan should:
A.accept this assignment with a flat fee and disclose this relationship in the report.
B.accept this assignment with a fee linked the Sam Group stock price and disclose the fee in the report.
C.reject this assignment because it will compromise his independence and objectivity.
第9题
A.Banning personal trading.
B.Building firewalls.
C.Cutting compliance department to increase efficiency.
第10题
ion in the bond of Carly Group. In last week, many securities company change the stock recommendation of Carly Group, since the disappointing financial report just released.It also led to the collapse of Carly bond prices. Yuan’s supervisor asked Yuan to call their clients and convinced them to continue holding the bonds of Carly Group. However, Yuan had a different thought. He believed the Carly bond price was overvalued.Which of the following action is the most appropriate to comply with the CFA Institute Code of Ethics and Standards of Professional Conduct, Yuan should:
A.make these calls with prominent disclose.
B.follow his supervisor’s request, because of the chain of command.
C.deny his supervisor’s request.
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