Q1. The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act in a certain manner with respect to which of the following groups?

A)   Colleagues in the investment profession.

B)   The SEC.

C)   The public.

Q2. Which of the following is NOT part of the CFA Institute Code of Ethics?

A)   Contractual provisions.

B)   Independent judgment.

C)   Competence.

Q3. According to the CFA Institute Code of Ethics, CFA Institute members shall:

A)   maintain knowledge and comply with all applicable laws, rules and regulations.

B)   preserve the confidentiality of information communicated by clients, prospects, or employers concerning investment matters.

C)   act with integrity, competence, diligence, respect, and in an ethical manner when dealing with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets.

Q4. All of the following are components of the Code of Ethics EXCEPT:

A)   demonstrating diligence, independence, and thoroughness when preparing investment reports.

B)   using reasonable care and exercising independent professional judgment.

C)   striving to maintain and improve their competence and the competence of others in the profession.

Q5. The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?

A)   Exercise independent professional judgment.

B)   Actively lobby for new laws to protect the public.

C)   Act with integrity.

答案和详解如下：

Q1. The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act in a certain manner with respect to which of the following groups?

A)   Colleagues in the investment profession.

B)   The SEC.

C)   The public.

Correct answer is B)

The SEC is not mentioned in the Code of Ethics. Component one mentions duties to the public, clients, prospects, employers, employees, colleagues, and other participants in the global capital markets.

Q2. Which of the following is NOT part of the CFA Institute Code of Ethics?

A)   Contractual provisions.

B)   Independent judgment.

C)   Competence.

Correct answer is A)

Contractual provisions are not part of the Code of Ethics.

Q3. According to the CFA Institute Code of Ethics, CFA Institute members shall:

A)   maintain knowledge and comply with all applicable laws, rules and regulations.

B)   preserve the confidentiality of information communicated by clients, prospects, or employers concerning investment matters.

C)   act with integrity, competence, diligence, respect, and in an ethical manner when dealing with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets.

Correct answer is C)

Acting with integrity, competence, diligence, respect, and in an ethical manner when dealing with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets is one of the six components of the Code of Ethics, whereas the other statements are part of the Standards of Professional Conduct.

Q4. All of the following are components of the Code of Ethics EXCEPT:

A)   demonstrating diligence, independence, and thoroughness when preparing investment reports.

B)   using reasonable care and exercising independent professional judgment.

C)   striving to maintain and improve their competence and the competence of others in the profession.

Correct answer is A)

Demonstrating diligence, independence, and thoroughness when preparing investment reports is found in the Standards of Professional Conduct.

Q5. The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?

A)   Exercise independent professional judgment.

B)   Actively lobby for new laws to protect the public.

C)   Act with integrity.

Correct answer is B)

The Code of Ethics says nothing about a CFA Institute member lobbying for new laws. In fact, legal issues are not a part of the Code. The Standards of Professional Conduct say that the member shall obey laws.

thanks