答案和详解如下： Q1. Which of the following statements about the responsibilities of CFA charterholders is TRUE? CFA charterholders:
A) must comply with the laws and rules governing their profession and must not engage in any individual behavior that reflects adversely on the entire profession. B) are only obligated to comply with securities laws in the U.S. C) must comply with the laws and rules governing their profession or must not engage in any individual behavior that reflects adversely on the entire profession. Correct answer is A) CFA charterholders must comply with the laws and rules governing their profession and must not engage in any individual behavior that reflects adversely on the entire profession. While they should act honorably and follow U.S. securities laws, they are obligated to more than that, as set forth in the Code and Standards. Q2. 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) 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. B) 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. C) 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. Correct answer is A) 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.
Q3. The SEC’s new stock-trading rule has just gone into effect. The SEC will give brokers a 10-day grace period, during which violators of the rule will be immediately notified and given a chance to remedy their situation to comply with the new rule. If a CFA Institute member unknowingly violates the rule and then remedies the situation within the 10-day grace period, has the member violated Standard I(A)? A) Yes, because the member did not maintain knowledge and know of the rule. B) No, because the member remedied the situation. C) No, because the member unknowingly broke the rule. Correct answer is A) Standard I(A) explicitly says that a member shall maintain knowledge and comply with laws, rules, and regulations. By not knowing of the rule, the member broke the standard. If a CFA Institute member accidentally breaks a rule from a careless error and remedies the situation, this would not be a violation of Standard I(A). Q4. Lawrence Kelly is the Chief Investment Officer at a money management company that claims it is in compliance with CFA Institute Soft Dollar Standards. For the first time, the company has purchased securities in the country of Santa Rosa. He learns that under Santa Rosen law, one of the company's soft dollar policies is forbidden, yet to conform with the law, Lawrence would have to violate the Soft Dollar Standards, but not the Standards of Professional Conduct. Lawrence:
A) should follow the Santa Rosen Law and can still claim compliance with CFA Institute Soft Dollar Standards. B) must follow the Santa Rosen Law and cease claiming compliance with CFA Institute Soft Dollar Standards. C) must follow the CFA Institute Soft Dollar Standards, informing the Santa Rosen regulators of his reasons. Correct answer is A) In cases when the Soft Dollar Standards conflict with local law, managers should follow local law and are still in compliance with the Standards. | 
发表于 2009-1-12 15:45
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