1, The Code and Standards apply to individuals, not to investment organizations.
True or false?作者: canadiananalyst 时间: 2011-7-11 19:33
True. Investment organizations may adopt the code on a voluntary basis.
NO EXCUSES作者: mar350 时间: 2011-7-11 19:33
T, now answer the soft dollar question!作者: Chuckrox 时间: 2011-7-11 19:33
F - isn't it 7 years?
CP作者: Darien 时间: 2011-7-11 19:33
That's tricky, I have to look it up but I think CFAI recommends 7 years if no legal requirements exist.
NO EXCUSES作者: Colum 时间: 2011-7-11 19:33
7 years *if* no legal requirements exist
BUT if law says 5, then 5作者: lcw77 时间: 2011-7-11 19:33
T is the answer. Thanks for explanation.
4, From time to time, PIA receives initial public offering (IPO) allocations from FTI. Danko allocates these IPOs to those discretionary accounts that normally participate in IPOs. If the IPO is oversubscribed, he excludes his wife’s discretionary non-fee-paying account so that he is not accused of bias when allocating the oversubscribed IPOs.
Danko’s decision to purchase shares that are recommended as a “strong buy” violates the CFA Institute Standards.
True or False?作者: bboo 时间: 2011-7-11 19:33
False. Why would it? Those accounts normally participate in IPOs作者: bpdulog 时间: 2011-7-11 19:33
deriv108 Wrote:
-------------------------------------------------------
> All answers are correct for 1. and 2.
>
> 3, Vinken insists that he will continue to
> maintain only hard-copy records for the
> Stonebridge Fund for the five years required by
> regulators.
>
> The record-retention policy of Vinken is
> consistent with CFA Institute Standards.
>
> True or False?
Deriv108 ..why it is correct? i thought it should be the stricter of local vs. CFA..so it shoulf be false because the stricter is 7 ..right?
