1、According to the CFA Institute Standards of Professional Conduct, Standard I(A), Knowledge of the Law, members shall not knowingly participate or assist in any violations of laws, rules, or regulations. An analyst: A) must report all legal violations to the proper regulatory commission and is held responsible for participating in illegal acts when the law is evident to anyone knowing the law. B) is held responsible for violations by others when the analyst is unaware of the facts giving rise to the violation. C) is held responsible for participating in illegal acts when the law is evident to anyone knowing the law and can participate in a violation by having knowledge of the violation and taking no action to stop it or disassociate from it. D) is held responsible for participating in illegal acts when the law is evident to anyone knowing the law and is held responsible for violations by others when the analyst is unaware of the facts giving rise to the violation. The correct answer was
C) If you suspect someone is planning or engaging in illegal activities, you should: 1. Determine the legality of the activities. Consult your supervisor and legal counsel. 2. Take appropriate action. Disassociate, attempt to persuade the perpetrator to stop. CFA Institute does not require you to report them to the authorities, but the law might. 2、Don Roberts, a CFA Institute member, resides in Country L, where the securities laws and regulations are less strict than the CFA Institute Code and Standards. Roberts also does business in Country N, which has no securities laws or regulations. Thus, Country N has no laws prohibiting the use of material nonpublic information. Roberts has clients in both Country L and N. Country L's law states that the law of the locality where business is conducted governs. According to CFA Institute Standards of Professional Conduct about the use of material nonpublic information, Roberts may: A) not take investment action on the basis of this information. B) take investment action based on this information for clients in both Country N and Country L and for himself. C) take investment action based on this information only for his clients in Country N and Country L but not for himself. D) take investment action based on this information only for his clients in Country N but not for his clients in Country L or himself. The correct answer was A) Because applicable law states that the law of the locality where the business is conducted governs and local law is less strict than the Code and Standards, the member must adhere to the Code and Standards. Standard II(A) prohibits the use of material nonpublic information. 更多内容请下载以下文件：
 l1 reading 2-i 习题.rar (178.7 KB)
[此贴子已经被作者于2008-1-8 16:05:50编辑过] | 
发表于 2008-1-7 13:53
|