答案和详解如下： Q1. An analyst belongs to a nationally recognized charitable organization, which requires dues for membership. The analyst has worked out a deal where he provides money management advice in lieu of paying dues. Which of the following must the analyst do? A) Resign from the position because the relationship is a conflict with the Standards. B) Nothing since he is not an employee of the charitable organization. C) Must treat the charitable organization as his employer. Correct answer is C) An employee/employer relationship does not necessarily mean monetary compensation for services. If the analyst is performing services for the organization, then the analyst must treat the position as if he were an employee. Q2. Janet Thompson, CFA, is employed as an analyst by Nationwide Securities. According to CFA Institute Standards of Professional Conduct, which of the following statements about Thompson's duty to Nationwide is FALSE? Thompson must refrain from: A) making arrangements to go into a competitive business before terminating her relationship with Nationwide. B) engaging in any conduct that would injure Nationwide. C) engaging in independent competitive activity that could conflict with the business of Nationwide unless she receives written consent. Correct answer is A) Standard IV(A) permits Thompson to make preparations to go into a competitive business before terminating her relationship with Nationwide provided that such preparations do not breach her duty of loyalty. Q3. Which of the following statements is most correct under the Code and Standards? A) CFA Institute members are prohibited from undertaking independent practice in competition with their employer. B) Consent from the employer is necessary to permit independent practice that could result in compensation or other benefits in competition with the member's employer. C) Members are prohibited from making arrangements or preparations to go into competitive business before terminating their relationship with their employer. Correct answer is B) Members are not prohibited from making arrangements or preparations to go into competitive business before terminating their relationship with their employer. CFA Institute members are not prohibited from undertaking independent practice in competition with their employer provided they have consent from their employer. Members must provide notification to their employer describing the types of services to be rendered, the expected duration, and compensation for the services. Q4. John Hill, CFA, has been working for Advisors, Inc., for eight years. Hill is about to start his own money management business and has given his two-week notice of his resignation from Advisors. A few days before his resignation takes effect, a former client of Advisors calls Hill at his home about his new firm. The former client says that he is very happy that Hill is leaving Advisors because now he and Hill can resume a professional relationship. The client says that he would never become a client of Advisors again. Hill promises to call the client back after he has left Advisors. Hill does not tell his employer about the call. Hill has most likely violated: A) both Standards IV(A) and VI(A). B) Standard IV(A), Loyalty to Employer, by lining up business before he leaves the firm. C) neither of these Standards. Correct answer is C) Based upon the information here, Hill has done nothing wrong. He took a call at his home, presumably on his own time, and the client made it clear that he would never be a client of Advisors. Therefore, there was no breach of loyalty to Advisors by Hill, nor is there a conflict of interest. | 
发表于 2009-1-9 16:26
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