21、Isabella Travelli, CFA, is a research analyst for Worldwide Investments in Rome, Italy. Travelli was contacted by Seaside Partners of Milan, Italy, a regional brokerage firm, about doing research on companies in the beverage industry on a contract basis.

Travelli may only do the contract work:

A)   after receiving consent from both Worldwide and Seaside.

B)   if Worldwide has no clients in the same geographic area as Seaside.

C)   if Worldwide does not follow the beverage industry.

D)   if Seaside agrees to share the work product with Worldwide.

22、Analysts who undertake an independent consulting practice while employed must get permission from their employer and should disclose all of the following EXCEPT:

A)   the clients contact information.

B)   the compensation or benefit to be received.

C)   the anticipated duration of the service to be rendered.

D)   the type of service to be rendered.

23、When providing outside services, a member should provide all of the following information to her current employer EXCEPT:

A)   the types of services to be provided.

B)   the compensation she will receive.

C)   the expected duration of the services.

D)   a promise to remit an agreed-upon percentage of the proceeds to the current employer.

24、All of the following activities might constitute a violation of Standard IV(A), Loyalty to Employer, EXCEPT:

A)   solicitation of the employer's clients prior to termination of employment.

B)   solicitation of the employer's clients following termination of employment.

C)   misappropriation of client lists.

D)   misuse of confidential information.

25、Bob Douglas, CFA, is considering leaving his current employer to compete in the same field. He did not sign a non-compete clause when he was hired. He may:

A)   begin competing with his current employer as long as the employer has been informed of Douglas' future intentions.

B)   plan and prepare to compete with his current employer, but not begin competing until his resignation is effective.

C)   may not prepare to compete, begin competing, or anything related to competing with his current employer.

D)   engage in any competitive activities that do not directly result in stealing the current employer's clients.

答案和详解如下：

21、Isabella Travelli, CFA, is a research analyst for Worldwide Investments in Rome, Italy. Travelli was contacted by Seaside Partners of Milan, Italy, a regional brokerage firm, about doing research on companies in the beverage industry on a contract basis.

Travelli may only do the contract work:

A)   after receiving consent from both Worldwide and Seaside.

B)   if Worldwide has no clients in the same geographic area as Seaside.

C)   if Worldwide does not follow the beverage industry.

D)   if Seaside agrees to share the work product with Worldwide.

The correct answer was A)

Standards IV(A) and IV(B) require members to obtain written consent from both their employer and the contracting party before undertaking independent practice in competition with their employer. Travelli needs to seek such consent from both entities because it does not appear that she can argue successfully that there is no competition between Worldwide and Seaside. They apparently are both research firms, industry specialization may not prevent competition, and Travelli should be devoting her time and energy to her employment, unless her employer consents to the contract work.

22、Analysts who undertake an independent consulting practice while employed must get permission from their employer and should disclose all of the following EXCEPT:

A)   the clients contact information.

B)   the compensation or benefit to be received.

C)   the anticipated duration of the service to be rendered.

D)   the type of service to be rendered.

The correct answer was A)

The Member or Candidate is not required to disclose confidential information about his independent clients.

23、When providing outside services, a member should provide all of the following information to her current employer EXCEPT:

A)   the types of services to be provided.

B)   the compensation she will receive.

C)   the expected duration of the services.

D)   a promise to remit an agreed-upon percentage of the proceeds to the current employer.

The correct answer was D)    

She should provide information about the type of services, the compensation arrangement and the expected duration of the project.

24、All of the following activities might constitute a violation of Standard IV(A), Loyalty to Employer, EXCEPT:

A)   solicitation of the employer's clients prior to termination of employment.

B)   solicitation of the employer's clients following termination of employment.

C)   misappropriation of client lists.

D)   misuse of confidential information.

The correct answer was B)

Solicitation of the employer’s clients prior to termination of employment would constitute a violation of Loyalty to Employer, but solicitation of clients following termination would not.

25、Bob Douglas, CFA, is considering leaving his current employer to compete in the same field. He did not sign a non-compete clause when he was hired. He may:

A)   begin competing with his current employer as long as the employer has been informed of Douglas' future intentions.

B)   plan and prepare to compete with his current employer, but not begin competing until his resignation is effective.

C)   may not prepare to compete, begin competing, or anything related to competing with his current employer.

D)   engage in any competitive activities that do not directly result in stealing the current employer's clients.

The correct answer was B)    

Douglas may plan and prepare to compete with his current employer, but may not begin competing until his resignation is effective or he gets permission from his employer. Members must provide notification to their employer describing the types of services to be rendered, the expected duration, and compensation for the services.