Ethical and Professional Standards 【R1】习题精选 following, 2012

ikoreaii

Which of the following is least accurate regarding reasons for imposing a summary suspension upon covered persons?

A) Failure to return the annual professional conduct statement.

B) Misdemeanor charge for the possession of illegal narcotic substances.

C) Disbarment under securities laws.

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A single misdemeanor conviction for possession of illegal narcotics is not grounds for a summary suspension.

ikoreaii

Which of the following is least accurate regarding reasons for imposing a summary suspension upon covered persons?

A) Failure to return the annual professional conduct statement.

B) Misdemeanor charge for the possession of illegal narcotic substances.

C) Disbarment under securities laws.

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A single misdemeanor conviction for possession of illegal narcotics is not grounds for a summary suspension.

ikoreaii

A member or candidate who rejects a disciplinary sanction proposed by a Designated Officer of the Professional Conduct Program:

A) will be suspended from membership or participation in the CFA Program.

B) may request an appeal to a hearing panel.

C) will typically not be subject to further disciplinary procedure unless a new investigation is initiated.

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A member or candidate may accept a proposed disciplinary sanction or request an appeal to a hearing panel.

ikoreaii

Steve Jones is a member of CFA Institute but has not earned the CFA designation yet. CFA Institute is investigating Jones’ activities. If Jones declines to cooperate, he:

A) is within his right only because it could be self incriminating.

B) is within his right only because he does not have the CFA designation yet.

C) could be summarily suspended from membership.

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Refusing to cooperate with a CFA Institute investigation of a member’s behavior could lead to suspension of membership. If the member has earned the right to use the CFA designation, the punishment could be suspension of use of the designation.

ikoreaii

A CFA charterholder may NOT be suspended without a hearing for which of the following reasons?

A) Failing to respond in writing to charges filed by his/her immediate supervisor.

B) Being convicted of murder.

C) Failing to complete the annual professional conduct questionnaire two years in a row.

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The CFA Institute member may respond in writing to charges from a supervisor, but this is not a requirement, and it is not a basis for suspension without a hearing. All of the others constitute grounds for suspension without a hearing.

ikoreaii

A broker and CFA charterholder has been arrested for the crime of murder. Which, if any, of the following could result in the member being summarily suspended from using the CFA designation?

A) Both of the results listed here.

B) Either being convicted or pleading guilty to the crime.

C) He is acquitted of the crime, but he is barred from continuing to work in the investment industry.

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Both of these are reasons that CFA Institute may use for summarily suspending use of the CFA designation.

ikoreaii

With respect to filing complaints concerning the professional conduct of a CFA Institute member, which of the following is CORRECT?

A) Only other members can write the Professional Conduct Program staff with a complaint concerning the conduct of another member.

B) Anyone can write the Professional Conduct Program staff with a complaint concerning the conduct of any member.

C) Anyone can write the Standards and Policy Committee staff with a complaint concerning the conduct of any member.

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This is from page ix of the Standards of Practice Handbook. Complaints may be filed by anyone and are to be written to the Professional Conduct Program staff.

ikoreaii

Which of the following statements regarding disciplinary procedures is least accurate?

A) A hearing may be held by telephone.

B) The findings of a hearing panel are final and conclusive.

C) The findings of a summary suspension review panel are final and conclusive.

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The findings of a hearing panel may be subject to appeal to the Professional Standards and Policy Committee (PSPC) in exceptional or unusual circumstances. The findings of a summary suspension review panel are final and conclusive.

ikoreaii

Which of the following correctly lists disciplinary sanctions in order of severity, lowest to highest, that the Designated Officer may take as a result of an investigation?

A) Suspension of the CFA designation, public censure, revocation of the CFA designation.

B) Public censure, suspension of the CFA designation, revocation of the CFA designation.

C) Suspension of membership, revocation of membership, public censure.

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Public censure is less severe than suspension from using the CFA designation, and suspension is less severe than revocation.

ikoreaii

With respect to the CFA Institute enforcement of the Code and Standards, which of the following is NOT a possible disciplinary sanction?

A) Payment of a fine.

B) Private censure.

C) Refusing to allow a candidate for the CFA designation to take one of the exams.

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CFA Institute does not impose fines. All of the other choices are possible sanctions. CFA Institute may suspend a candidate from further participation in the CFA program.