CFA考試一級章節(jié)練習(xí)題精選0330-28(附詳解)

1、CFA考試一級章節(jié)練習(xí)題精選 0330-28 （附詳解）1、Margie Germainne, CFA, is a risk management consultant who has been asked by a smallinvestment bank to recommend policies to prevent bank employees from front running client orders.These clients generally invest in one or more of the bank's large cap equity unit tru

2、sts. To ensurecompliance with the CFA Institute Standards of Professional Conduct, Germainne should least likelyrecommend which of the following? Employees should be restricted from trading: 【單選題】A. equity -related securities.B. without prior permission.C. during established time periods.正確答案 :A答案解析

3、 :Although Standard VI(B) -Priority of Transactions is designed to prevent any potential conflict ofinterest or the appearance of a conflict of interest-related securities could be excessivelyrestrictivewith respect to personal transactions, it does notban employees from trading securities. A ban on

4、 all equity to employees and unnecessary if appropriate personal transaction policies and proceduresare in place.CFA Level I "Guidance for Standards I -VII"Standard VI(B) -Priority of Transactions's large cap equity unit trusts. To ens2、Margie Germainne, CFA, is a risk management consu

5、ltant who has been asked by a small investment bank to recommend policies to prevent bank employees from front running client orders. These clients generally invest in one or more of the bankthe CFA Institute Standards of Professional Conduct, Germainne should least likely recommend which of the fol

6、lowing? Employees should be restricted from trading: 【單選題】A. equity related securities.B. without prior permission.C. during established time periods.正確答案 :A-VII, ” CFA Institute134答案解析 : “ Guidance for Standards I 2012 Modular Level I, Vol. 1, pp. 54, 131Study Session 1 -2-cRecommend practices and

7、procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.A is correct because while Standard VI (B) Priority of Transactions is designed to prevent any potential conflict of interest or the appearance of a conflict of interest with respect to personal tra

8、nsactions, it does not ban employees from trading securities. A ban on all equity related securities could be excessively restrictive to employees and unnecessary if appropriate personal transaction policies and procedures are in place.3、According to the Professional Conduct Standards relating to lo

9、yalty, prudenceand care, an accurate list of requirements to members and candidates with respectto a member's duties to clients would NOT include: 【單選題】A. acting with reasonable care and excise prudent judgment.B. complying with the Global Investment Performance Standards (GAPS?).C. acting for t

10、he benefit of their clients.正確答案 :B2答案解析：遵守GAPS?是自愿的，并不要求會員或考生一定要遵守，另外兩個選項是關(guān)于對客戶忠誠、謹慎投資和合理注意的相關(guān)條款中所規(guī)定的。4、Chris Rodriguez, CFA, is a portfolio manager at Nisqually Asset Management, which specializes in trading highly illiquid shares. Rodriguez has been usingHon Securities Brokers almost exclusively

11、when making transactions for Nisqually clients, as well as for his own relatively small account. Hon always executes trades before or after clients. Rodriguez should least likely do which of the following in order to comply with the CFA Institute Code of Ethics and Standards ofRodriguez 's perso

12、nal trades at a more preferential price than for Rodriguez's clients ' accounts. This occurs regardless of whether or not RodProfessional Conduct? 【單選題】A. Eliminate the exclusive trading arrangement.B. Trade client accounts before his own account.C. Average trade prices across all trading ac

13、counts.正確答案 ：C答案解析 ： “ Guidance for Standards-VIII ” , CFA Institute 2013 Modular Level I, Vol. 1, Reading 2, Standard IV(A) Loyalty, Guidance, Standard VI (B) Priority of TransactionsStudy Session 1-2-cRecommend practices and procedures designed to prevent violations of the Code of Ethics and Stand

14、ards of Professional Conduct.C is correct because Rodriguez is in violation of Standard IV (A) Loyalty, which requires that, in matters related to their employment, members and candidates must act for the benefit of their employer and not deprive their employer of the advantage of their skills and a

15、bilities, divulge confidential information, or otherwise cause harm to their employer. Rodriguez should not accept the special treatment from Hon, and he should seek such favors for the clients ofNisqually, specifically the lower costs Rodriguez has been getting for his transactions. Rodriguez shoul

16、d not average transaction costs because his clients should be given the lower preferential prices according to Standard III (A) Loyalty, Prudence, and Care.35、Jan Loots, CFA, quit his job as a portfolio manager at an investment firm with whom he had a non-solicitation agreement he signed several yea

17、rs ago. Lootsreceived permission to take his investment performance history with him and also took a copy of the firm-trading platform. 'Susbseoqftuweanrtely, Lootssent out messages on social media sites announcing he was looking for clients for his new investment management firm. Access to Loot

18、srestricted to friends, family, and former clients. Loots least likely violated the CFA Institute Standards of Professional Conduct concerning his:單選題】A.trading software.B.non -solicitation agreement.C.investment performance history.正確答案 :C答案解析 :CFA Institute Standards2012 Modular Level I, Vol. 1, pp. 9093Study Session 1-2-cRecommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.C is correct because the portf