职业伦理模块 Independence and Objectivity Q：Rita, CFA, is a portfolio manager in ABC Investment Management. Rita is conducting research on Tennis Mining to consider it as potential inclusion. Tennis’s management is interested in having a well-known fund manager such as Rita as a shareholder. Tennis pays

职业伦理模块 Nine Major Sections of GIPS(0-8) Q:G&F Advisors claims compliance with the Global Investment Performance Standards (GIPS) in its marketing materials. The compliant presentation includes a footnote which indicates that the firm has been verified by an independent third party. An additional

职业伦理模块 Nine Major Sections of GIPS(0-8) Q:Considering a GIPS-compliant investment firm, this firm presents its historical record for a global growth stock composite. Which of the following method is least likely to violate the CFA institute Standard? Excluded terminated accounts. No portfolio below

职业伦理模块 Suitability Q:Ann Kitty, CFA, is a portfolio manager at Cathay Investments (CI). Kitty purchased two of the bonds for several clients after thoroughly researching MBS and checking client investment objectives for appropriateness. Several clients complain to CI, claiming the bonds were

职业伦理模块 Introduction to GIPS Q:According to the Fundamentals of Compliance section of the Global Investment Performance Standards, issues that a firm must consider when claiming compliance include an of the following except: replicating performance. properly defining the firm. documenting firm

职业伦理模块 Knowledge of Law Q:Mary Kim, CFA, practices in the established country of Oldasia as well as in the emerging country of Newasia. By regulation, Oldasia prohibits licensed investment advisors from trading in securities ahead of their clients. Newasia has no laws or regulations in this area.

职业伦理模块 Code of Ethics Q：The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following? Actively lobby for new laws to protect the public. Reflect credit on the profession. Act with integrity.   Solution: A The Code of Ethics says nothing about a CFA

职业伦理模块 Additional Compensation Arrangements Q:Jurgen is a portfolio manager. One of her firm’s clients has told Jurgen that he will compensate her beyond the compensation provided by her firm on the basis of the capital appreciation of his portfolio each year. Jurgen should: Turn down

职业伦理模块 Loyalty, Prudence and Care Q:Stafford is a portfolio manager for a specialized real estate mutual fund. Her firm clearly describes in the fund's prospectus its soft dollar policies. Stafford decides that entering the CFA Program will enhance her investment decision making skill and decides

职业伦理模块 Referral Fees Q:If a CFA charterholder receives a referral fee, he must: disclose the nature of the fee arrangement to the client before entering into a formal agreement. consult with the firm's compliance officer, and follow his or her instructions concerning disclosure. disclose the fee