[2008 CFA level 1模拟真题]Version 1 Questions－Q4 level

8586

4、Ian O'Sullivan, CFA, is the owner and sole employee of two companies, a public relations firm and a financial research firm. The public relations firm entered into a contract with Mallory Enterprises to provide public relations services. According to the contract, O'Sullivan received 40,000 shares of Mallory stock in payment for his services. Over the next 10 days, the public relations firm issued several press releases that discussed Mallory's excellent growth prospects. O'Sullivan, through his financial research firm, also published a research report recommending Mallory stock as a "buy." According to the Standards of Practice Handbook, was O'Sullivan required to disclose his ownership of Mallory stock in the:

	press release?	research report?
A.	No	No
B.	No	Yes
C.	Yes	No
D.	Yes	Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

8586

Correct answer = D

Standards of Practice Handbook, 9^th edition (CFA Institute, 2005), pp. 15-19, 113-116
Standards I-VII
2008 Modular Level I, Vol. 1, pp. 21-26, 89-91
Study Session 1-2-a
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable professional conduct
Members should disclose all matters that reasonably could be expected to impair the member's objectivity. 

 

 

[此贴子已经被作者于2008-5-17 18:06:19编辑过]

cxz0858

A

florajia

good

zhangxie83

b

Riverview

thanks

刀剑如梦

thanks

gening

thanks!

isaisaisa

d

oleander

d