答案和详解如下： 6、Lucy Ackert and Chris Brown prepared the following information to be included in the promotional materials of their employer, Lofton Securities. §
Lucy Ackert is one of five CFAs at Lofton Securities. She satisfied all requirements for the CFA designation in 1998. §
Chris Brown holds a CFA Level I designation, which he passed in 2001. He is registered to take the next scheduled Level II examination. Are the promotional materials prepared by Ackert and Brown fully consistent with the Standards of Professional Conduct? A) Ackert: No. Brown: Yes. B) Ackert: Yes. Brown: No. C) Ackert: Yes. Brown: Yes. D) Ackert: No. Brown: No. The correct answer was D) Neither statement is fully consistent with Standard VII(B), Reference to CFA Institute, the CFA Designation, and the CFA Program. The CFA designation must always be used as an adjective and never as a noun as Ackert used in her promotional description. Correct use of the CFA designation would be: “Lucy Ackert is one of five CFA charterholders at Lofton Securities.” No designation exists for someone who has passed Level I of the CFA examination. Thus, Brown’s statement saying that he “holds a CFA Level I designation” represents incorrect use. A correct statement would be: “Chris Brown passed Level I of the CFA examination in 2001.” 7、Jake Miles, CFA, includes the following phrase on his business card: “Jake Miles is your trusted local CFA.” Is this a violation of Standard VII(B)? A) Yes, because he cannot put the initials "CFA" on his business card. B) No, because his CFA Institute membership indicates that he is indeed trustworthy. C) Yes, because he uses CFA as a noun. D) Unsure, we would need to know what else is on the card. The correct answer was C) The initials CFA cannot be used as a noun. The initials can appear on a business card but cannot be used to exaggerate the meaning or implications of membership. 8、Nichole Zeller and Randy Toffler have both passed Level II of the CFA Exam Program and have registered for Level III. Zeller circulates a resume stating that she is a candidate for the CFA designation and has passed Level II of the CFA program. Toffler circulates a resume stating that he is a CFA II. Which of the following statements is TRUE? A) Only Zeller has violated the Code of Standards. B) Only Toffler has violated the Code of Standards. C) Both Zeller and Toffler have violated the Code of Standards. D) Neither Zeller nor Toffler have violated the Code of Standards. The correct answer was B) The Code and Standards permit an individual to state that he or she is a candidate for the CFA designation as long as the person is registered for the next CFA exam. The same individual may state the fact that he or she has passed Level I or II of the CFA program. There is no partial designation, such as CFA II. 9、Robert Hopkins has earned the right to use the CFA designation and wants to indicate this on his business card. According to CFA Institute Standards of Professional Conduct, which of the following is the proper use of the professional designation on his business card? A) Robert Hopkins, cfa B) Robert Hopkins, CFA Charterholder C) Robert Hopkins, C.F.A. D) Robert Hopkins, CFA degree The correct answer was B) The CFA designation should always be capitalized and shown without periods. The CFA designation should not be referred to as a degree. Placing the designation "CFA" or "CFA Charterholder" after one's name on a resume, business card, brochure, or other published material is appropriate. 10、All of the following statements in promotion of your services are in violation of CFA Institute Standards of Practice handbook EXCEPT:
A) I passed Level II of the CFA Program in 2003. B) I guarantee under my management that you will receive returns in excess of the market index average. C) based upon my research, you will achieve a 20% compound annual rate of return on small cap stocks over the next 5 years. D) I passed all three levels of the CFA Program on the first try; therefore, I have superior stock picking ability. The correct answer was A) Candidates may refer to the CFA level(s) passed and the associated dates as long as a partial designation is not implied. Candidates and charterholders may state that they passed exams on the first try; however, they may not imply superior ability. Also, they may not guarantee or promise a given level of return. | 
发表于 2008-4-17 13:32
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