职业伦理模块 Diligence and Reasonable Basis Q:David, a CFA candidate, is a portfolio manager at Barbley Management Company. The company is considering investing offshore particularly in South America on behalf of its clientele, who are all high-net-worth individuals. As David does not have experience

职业伦理模块 Communication with Clients and Prospect Clients Q:An analyst finds a stock that has had a low beta given its historical return, but its total risk has been commensurate with its return. When writing a research report about the stock for clients with well-diversified portfolios, according

职业伦理模块 Responsibility of Supervisors Q:A firm recently hired Jill Taylor to be a managing supervisor in the firm. Taylor knows that all of her subordinate supervisors are members of CFA Institute and that they have a compliance system in place with respect to the Code and Standards. Under

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 Additional Compensation Arrangements Q:An analyst needs to inform his supervisor in writing of which of the following? An annual bonus, sent to the analyst by a client, which varies with the performance of the client's portfolio that the analyst manages as an employee even though no verbal

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 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