职业伦理模块 Suitability Q :A broker was sanctioned for unsuitable recommendations and excessive trading involving three accounts under his care. These clients were unsophisticated, inexperienced individual investors with limited means. According to CFA Institute Standard III(C), Suitability, which

职业伦理模块 Priority of Transaction Q:An analyst routinely has the opportunity to offer his clients the opportunity to purchase “hot new issues.” He tells his clients that he will distribute each issue equally among those interested, with himself included in the distribution. The clients do not object

职业伦理模块 Fair Dealing Q:Shirly, CFA, is an equity analyst at an investment banking division of Molly Financial Group, a full service financial group. A multifactor computer model was used by Shirly to make stock recommendations for all clients of Mollya. However, Shirly discovered that the model

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 Misconduct Q：Anne, CFA, was required to sign an employment contract, including a non-compete clause restricting her from working for a competitor for three years after leaving the employer. After one year, Anne quits her job for a comparable position with an investment bank in a country

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 Record Retention Q:Ethyl Redd recently joined Bloomington Investments as a research analyst. After spending an afternoon looking through the research team’s archives, Redd is not sure Bloomington maintains the records that support the team’s analysis and recommendations for the minimum

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 Communication with Clients and Prospect Clients Q:Roger Halpert, CFA, prepares a company research report in which he recommends a strong "buy." He has been careful to ensure that his report complies with the CFA Institute Standard on research reports. According to CFA Institute Standards

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.