答案和详解如下： Q19. With respect to the complaint Mills filed against Jackson, and the subsequent investigation of Mills by CFA Institute, which of the following statements is least accurate? A) Jackson violated the Code and Standards by putting New Medical Developments on its restricted stock list. B) Jackson violated the Code and Standards by not responding to Mills. C) Jackson did not violate the Code and Standards if he provides Mills’ trading information to CFA Institute. Correct answer is A) Rules concerning the confidentiality of client information do not apply to investigations of CFA Institute, which will keep any information it receives confidential. Jackson does not violate a Standard by placing a stock on a restricted list when the firm is in possession of material nonpublic information, and this is a recommended move. However, unsolicited requests from clients deserve a response. Jackson is putting his self-interest above his own by trying to protect himself by not responding to client inquiries concerning New Medical. Members and Candidates must renew their commitment to abide by the Code and Standards on an annual basis. Q20. Which of the following is NOT considered plagiarism under CFA Institute Standards? A) Improving an existing report and using it inside the company under a new title without acknowledging the source of the original report. B) Adjusting an already published model and announcing it as a new model without acknowledging the source of the original model. C) Using factual information from a recognized financial information agency without acknowledging the source of the information. Correct answer is C) Factual information that is already public and is obtained from a recognized information agency can be used without acknowledgment and is not considered plagiarism. All other options are considered plagiarism. Q21. Noah Johnson, CFA, is a broker with a money management company, Factor, Inc. In a conversation with Tom Williams, Johnson describes the activities of Factor and discusses the characteristics of portfolio construction. Which of the following statements would NOT, on its face, be considered a misrepresentation? A) Factor guarantees the portfolio will achieve its goal return. B) The portfolio securities were carefully selected by Factor to minimize Williams' risk. C) If Williams is not satisfied with the current target return, Johnson can always improve it by increasing his T-bills share. Correct answer is B) Standard I(C), Misrepresentation, prohibits CFA charterholders from misrepresenting characteristics of the portfolio or the services that the company can provide. The only statement that can be accepted as plausible is that the securities were selected to minimize the risk. Q22. Pamela Gee is a portfolio manager. She is planning to establish her own money management firm. She has already informed her employer, Branford, Inc., about her plans. In her remaining time at Branford, she can: A) solicit Branford colleagues but not Branford clients. B) start the registration of her new company. C) inform her current clients about her resignation and let them know how to reach her, in case any problems arise in the future. Correct answer is B) The only action that will not breach Standard IV(A) Loyalty to Employer, is to start the registration of her new company. | 
发表于 2009-1-7 09:04
| 
