中国CFA考试网 2019-04-25 15:07
1，Which of the following is most likely part of the CFA Institute Standards of Professional Conduct, Standard I–Professionalism? Members and candidates:
A. must understand and comply with all applicable laws.
B. must not engage in practices that distort prices or artificially inflate trading volume with the intent to mislead market participants.
C. must deal fairly and objectively with all clients when providing investment analysis, making investment recommendations, taking investment action, or engaging in other professional activities.
2，Yuan, CFA, is chief investment officer of Golden Securities. Recently, Yuan found that their company's promotional materials for marketing activities had a mistake. The value of their management asset list on the material was higher than their current actual market value. Yuan realized the reason might be recent market volatility. Which of the following actions is most accurate to comply with the CFA Institute Code and Standard.
A. Do nothing, because the day material made, the value was correct.
B. Correct the asset value and add a footnote indicating the day that the value calculated.
C. Report the mistake to government regulators.
3，Yuan, CFA, is a bond research analyst in XYZ securities. XYZ securities hold a large position 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.
4，To minimize the impact material nonpublic information inside the investment firm, which of the following actions are appropriate except:
A. Banning personal trading.
B. Building firewalls.
C. Cutting compliance department to increase efficiency.
5，Yuan, CFA, is a famous research analyst works on Golden Securities. Sam Group appreciates 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.