Q17. Maria Valdes, CFA, is an analyst for Venture Investments in the country of Newamerica, which has laws prohibiting the acceptance of any gift from a vendor if the gift exceeds US $250. Valdes has evidence that her Venture Investments colleague, Ernesto Martinez, CFA, has been receiving gifts from vendors in excess of US $250.

Valdes is obligated to:

A)   disassociate herself from the activity, and urge Venture to persuade Martinez to cease the activity.

B)   disassociate herself from the activity, urge Venture to persuade Martinez to cease the activity, and inform CFA Institute of the violation.

C)   disassociate herself from the activity, urge Venture to persuade Martinez to cease the activity, and inform CFA Institute and regulatory authorities of the violation.

Q18. John Martin, an analyst, discovers that Jurix Co. has knowingly misstated information in its prospectus. To comply with CFA Institute’s Code of Ethics and Standards of Professional Conduct, Martin's most appropriate course of action is to:

A)   call the appropriate regulatory agency and report the action.

B)   report the finding to the appropriate supervisory person in his firm.

C)   resign from his job in order to disassociate from the potentially illegal activity.

Q19. An analyst, who is a CFA charterholder, is working in a foreign country. Which of the following statements is TRUE? The analyst is:

A)   governed by the laws and standards of the country in which he is living and working.

B)   covered by the strictest of the following laws and rules: his own country's, the foreign country's or CFA Institute's Code and Standards.

C)   governed by CFA Institute's Code and Standards.

Q20. Josh LeBlanc, a CFA charterholder, is an investment analyst for a small stock brokerage firm. He wants to acquire and maintain knowledge about applicable laws, rules, and regulations relating to his professional activities. According to the CFA Institute Standards of Professional Conduct, which of the following ways is least likely to meet compliance procedures?

A)    Review written compliance procedures on a regular basis.

B)    Keep informed about changes in applicable laws, rules, and regulations.

C)    Rely on past practices followed within his firm.

答案和详解如下：

Q17. Maria Valdes, CFA, is an analyst for Venture Investments in the country of Newamerica, which has laws prohibiting the acceptance of any gift from a vendor if the gift exceeds US $250. Valdes has evidence that her Venture Investments colleague, Ernesto Martinez, CFA, has been receiving gifts from vendors in excess of US $250.

Valdes is obligated to:

A)   disassociate herself from the activity, and urge Venture to persuade Martinez to cease the activity.

B)   disassociate herself from the activity, urge Venture to persuade Martinez to cease the activity, and inform CFA Institute of the violation.

C)   disassociate herself from the activity, urge Venture to persuade Martinez to cease the activity, and inform CFA Institute and regulatory authorities of the violation.

Correct answer is A)

Standard I(A), Knowledge of the Law requires members who have knowledge of colleagues engaging in illegal activities to disassociate from the activity and urge their firms to persuade the individual to cease such activity. Reporting to regulatory authorities may be prudent in certain circumstances, but is not required. Reporting to CFA Institute is not required.

Q18. John Martin, an analyst, discovers that Jurix Co. has knowingly misstated information in its prospectus. To comply with CFA Institute’s Code of Ethics and Standards of Professional Conduct, Martin's most appropriate course of action is to:

A)   call the appropriate regulatory agency and report the action.

B)   report the finding to the appropriate supervisory person in his firm.

C)   resign from his job in order to disassociate from the potentially illegal activity.

Correct answer is B)

To comply with the Code and Standards, John should notify the appropriate supervisory person in his firm of the violation.

Q19. An analyst, who is a CFA charterholder, is working in a foreign country. Which of the following statements is TRUE? The analyst is:

A)   governed by the laws and standards of the country in which he is living and working.

B)   covered by the strictest of the following laws and rules: his own country's, the foreign country's or CFA Institute's Code and Standards.

C)   governed by CFA Institute's Code and Standards.

Correct answer is B)

The analyst is covered by the strictest of the following laws and rules: his own country’s, the foreign country’s or CFA Institute’s Code and Standards.

Q20. Josh LeBlanc, a CFA charterholder, is an investment analyst for a small stock brokerage firm. He wants to acquire and maintain knowledge about applicable laws, rules, and regulations relating to his professional activities. According to the CFA Institute Standards of Professional Conduct, which of the following ways is least likely to meet compliance procedures?

A)    Review written compliance procedures on a regular basis.

B)    Keep informed about changes in applicable laws, rules, and regulations.

C)    Rely on past practices followed within his firm.

Correct answer is C)

LeBlanc should follow the compliance procedures under Standard IA -- Knowledge of the law. Relying on his firm’s past practices may be insufficient for LeBlanc to stay current with changes in applicable laws, rules, and regulations.

thanks