职业伦理模块 Loyalty Q:Garrie, CFA chart holder, manages accounts for an institution, the employer and his parents. Among the three, his father does not pay for the investment service fee. When IPOs become available, how should he do? Allocate to the institution client and to the employer. Allocate

职业伦理模块 Diligence and Reasonable Basis Q:Willier is the research analyst responsible for following Company X. All the information he has accumulated and documented suggests that the outlook for the company’s new products is poor, so the stock should be rated a weak “hold.” During lunch, however

职业伦理模块 Refenrence to Institute, Designation, Program Q:Quinn sat for the Level III CFA exam this past weekend. He updates his resume with the following statement: "In finishing the CFA Program, I improved my skills related to researching investments and managing portfolios. I will be eligible

职业伦理模块 Refenrence to Institute, Designation, Program Q:Which of the following is least likely an appropriate use of the CFA designation? Jeremy Salyers, as a CFA charterholder, expects to outperform the market because CFA charterholders have on average outperformed their peers. Jeremy Salyers, CFA.

职业伦理模块 Performance Presentation Q:Nancy Korthauer, CFA, has launched a new hedge fund called the Korthauer Tautology Fund and is actively soliciting clients from competitor’s firms. Client presentations are necessarily brief and often take place with the prospective client’s current investment

职业伦理模块 Performance Presentation Q:While it would be customary to report both five-year and ten-year performance data, Seminole Equity Partners has been in existence for only eight years. Because of this, Kurt Dambach does not report ten-year data but reports for both five years and since

职业伦理模块 Market Manipulation Q:Jacky, CFA, a retired portfolio manager, would like to sell 20,000 shares of a small public company that he owned because he is worried about the company's prospects. Then he posts messages on several internet bulletin boards, which read, "I have done some close

职业伦理模块 Referral Fees Q:Wes Smith, CFA, refers many of his clients to Bill Towers, CPA, for accounting services. In return, Towers performs routine services for Smith, such as his tax returns, for no charge. With respect to this relationship, Smith: is in violation of both Standard V(B) and III(B

职业伦理模块 Disclosure of Conflicts Q:Jamison is a junior research analyst with Howard & Howard, a brokerage and investment banking firm. Howard & Howard's mergers and acquisitions department has represented the Britland Company in all of its acquisitions for the past 20 years. Two of Howard & Howard's

职业伦理模块 Material Nonpublic Information Q：Allen, CFA, the CFO of a publicly listed company, seeks to improve the quality of his company’s communication with institutional fund managers. Before the company earnings are announced, Allen holds an investor briefing with this group the evening. However