CFA考試一級(jí)章節(jié)練習(xí)題精選0330-55(附詳解)

1、4CFA考試一級(jí)章節(jié)練習(xí)題精選 0330-55 （附詳解）1、 Teresa Staal, CFA is an investment officer in a bank trust department. She manages money for celebrities and public figures, including an influential localpolitician. She receives a request from the politician's political party headquarters to disclose his stock h

2、oldings. The request indicates local law requiresdisclosure. What steps should Staal most likely take to ensure she does not violate any CFA Institute Standards of Professional Conduct? 【單選題】A. Provide the information and inform her client.B. Send the requested documents and inform her supervisor.C.

3、 Check with her firm's compliance department to determine her legal responsibilities.正確答案 :C答案解析 :"Guidance for Standards I -VII CFA Institute" 2011 Modular Level I, Vol. 1, pp. 88 -89Study Session 1-2-cRecommend practices and procedures designed to prevent violations of the Code of Et

4、hics and Standards of Professional Conduct.C is correct. In order to avoid violating Standard III (E) Staal should determine if applicable securities regulations require disclosing the records before she provides the confidential information concerning her client's investments.1、 Several years a

5、go, Leo Peek, CFA, co-founded an investment club. The club is fully invested but has not actively traded its account for at least a year and does not plan to resume active trading of the account. Peek's employer requires an annual disclosure of employee stock ownership. Peek discloses all of his

6、 personal trading accounts but does not disclose his holdings in the investment club. Peek's actions are least likely to be a violation of which of the CFAInstitute Standards of Professional Conduct? 【單選題】A. MisrepresentationB. Transaction priorityC. Conflicts of interest正確答案 :B-VII," CFA答案

7、解析 :There is no indication that the investment club is trading ahead of clients. See Standard VI(B). 2014 CFA Level I "Guidance for Standards IInstitute Standard I(C), Standard VI(A), Standard VI(B) 1、While at a bar in the financial district after work, Ellen Miffitt, CFA overhears several empl

8、oyees of a competitor discuss how they will manipulate down the price of a thinly traded micro cap stock's price over the next few days. Miffitt's clients have large positions of this stock so when she arrives at work the nexther accounts at its previouslyday she immediately sells all of the

9、se holdings. Because she has determined that the micro cap stock was suitable for all of higher price, Miffitt buys back her client's original exposure at the end of the week at the new, lower price. Which CFA Institute Standards of ProfessionalConduct did Miffitt least likely violate? 【單選題】A. M

10、arket ManipulationB. Preservation of ConfidentialityC. Material Non Public Information正確答案 :B答案解析 :"Guidance for Standards I -VII CFA Institute" 2011 Modular Level I, Vol. 1, pp. 49 -52, 59-60, 88Study Session 1-2-bDistinguish between conduct that conforms to the Code and Standards and con

11、duct that violates the Code and Standards.B is correct as Miffitt has not violated the confidentiality Standard which involves information about former, current, and prospective clients.1、 David Donnigan enrolled to take the Level II CFA examination in the current year, but he did not takethe exam.

12、Donnigan advised his employer that he passed Level II. Subsequently, he registered totake the Level II exam the next year. Which CFA Institute Standards of Professional Conduct didDonnigan least likely violate? The standard related to: 【單選題】A. referencing candidacy in the CFA Program.B. duty to empl

13、oyer.C. professional misconduct.正確答案 :A答案解析 :Because he registered to take the exam in the next year, Donnigan still qualifies to state he is acandidate in the CFA Program. He would not, however, be authorized to reference that he is a LevelIII candidate and, if asked, would need to specifiy that he

14、 is a Level II candidate.CFA Level I "Guidance for Standards l -VII," CFA InstituteStandard I(D), Standard IV(A) 1、 Carolina Ochoa, CFA, is the chief financial officer at Pantagonia Computing. Ochoa is currently the subject of an inquiry by Pantagonia 'cosrporateinvestigations departme

15、nt. The inquiry is the result of an anonymous complaint accusing Ochoa of falsifying travel expenses for senior management related to a government contract. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, it is most appropriate for Ochoa to disclose the allegatio

16、ns: 【單選題】A. on her Professional Conduct Statement.B. to CFA Institute when the investigation concludes.C. to CFA Institute if the allegations are proven correct.正確答案 :A答案解析 :CFA Institute Standards 2012 Modular Level I, Vol. 1, p. 8Study Session 1-1-cExplain the ethical responsibilities required by the Code and Standards, including the multiple sub-sections of each standard.A is correct beca