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 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 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 Preservation of Confidentiality Q:Calvin Doggett, CFA, has been contacted by the CFA Institute Professional Conduct Program (PCP) regarding allegations that he has taken investment actions that were unsuitable for his clients. Doggett is questioned by PCP concerning the identity of his

职业伦理模块 Performance Presentation Q:Paul Salyer, a portfolio manager, is making a presentation to a prospective client. Paul says that as a new portfolio manager, he made an average annual rate of return of 50% in the last two years at his previous firm and that based on this, he can guarantee a 50

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 Market Manipulation Q:Hellen is a portfolio manager at Alena Investments (AI). Hellen manages a billion-dollar hedge fund and two large mutual funds. Market declines caused significant losses for all of the accounts. Hellen traded the stocks between the accounts to provide liquidity

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

职业伦理模块 Suitability Q:According to CFA Institute Standards of Professional Conduct, when a client asks her portfolio manager to change the current investment strategy of the client’s portfolio, the manager should: explain the implications of the new strategy after the member manager implements