职业伦理模块 Fair Dealing Q：Smith, a research analyst with a brokerage firm, decides to change his recommendation for the common stock of Green Company, Inc., from a “buy” to a “sell”. He mails this change in investment advice to all the firm’s clients on Wednesday. The day after the mailing, a client

职业伦理模块 Loyalty, Prudence and Care Q :Jason, CFA, is the head of the trading desk at a large investment management firm that specializes in domestic equities. He notices that clients give discretion to the manager to select brokers on the basis of their overall services to the management firm when

职业伦理模块 Knowledge of Law Q：Rain is recently enrolled to take the Level I CFA exam. One of her friend Wilson purchased Level I study materials from a well-known CFA review program the previous year. Wilson photocopied the previous year's copyrighted materials and sold it to Rain to help her study.

职业伦理模块 Diligence and Reasonable Basis Q:A model expert developed a model. The historical data gathered by him shows unilateral bull market, that is, only upward trend. If he made investment suggestions based on these historical data, is he in violation of the Code and Standards? No. Yes, because he

职业伦理模块 Responsibility of Supervisors Q:Recently, Marine, CFA, was recently promoted to senior portfolio manager. Marine is required to supervise three portfolio managers in her new position. Marine asks for a copy of her firm's written supervisory policies and procedures. However, she was told

职业伦理模块 Material Nonpublic Information Q：An investment banking department of a brokerage firm often receives material nonpublic information that could have considerable value if used in advising the firm’s brokerage clients. In order to conform to the Code and Standards, which one of the following

职业伦理模块 Responsibility of Supervisors Q:Miller heads the research department of a large brokerage firm. The firm has many analysts, some of whom are subject to the Code and Standards. If Miller delegates some supervisory duties, which statement best describes her responsibilities under the Code

职业伦理模块 Reasons for Adopting Ethics Q：Which is an example of an activity that may be legal but that CFA Institute considers unethical? Making legally required disclosures in marketing materials Trading while in possession of material nonpublic information Disclosure by an employee of his or her own

职业伦理模块 Explain Ethics and Professionalism Q：Specialized knowledge and skills, a commitment to serve others, and a shared code of ethics best characterize a(n): Vocation Profession Occupation   Solution: B A profession has several characteristics that distinguish it from an occupation or vocation

职业伦理模块 Misconduct Q：A CFA Candidate purchased copyrighted CFA exam preparatory study guide from a publisher. The Candidate lost the study guide several weeks prior to the exam. He did not purchase it again; instead, he photocopied a copy that his friend had purchased. According to the Standards