[CFA level 1模拟真题]Version 4 Questions－Q2 class, his, investment, employee, personal

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Q2. Several years ago, Leo Peek, CFA, founded an investment club with three friends. The investment club's account grew rapidly to a substantial size, but the club has not actively traded the account for at least a year and does not plan to resume active trading of the account. Peck’s employer requires an annual disclosure of employee stock ownership. Peek discloses all of his personal trading accounts, but does not disclose his holdings n the investment club. Has Peek most likely violated any CFA Institute Standards of Professional Conduct?

A.      No

B.      Yes, with respect to fiduciary duty.

C.      Yes, with respect to selective disclosure.

D.     Yes, with respect to conflicts of interest.

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答案和详解如下：

Q2    B   07 Modular Level 1, vol. l, pp. 88-94   Study Sessionl-2-a

Members should disclose all beneficial ownership that could reasonably cause a conflict of interest.

Additionally, because Peek's employer requires the disclosure, a failure to provide full information would violate his employer’s policies and CFA Institute Standards of Professional Conduct.

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