Q1. Ethyl Redd recently joined Bloomington Investments as a research analyst. After spending an afternoon looking through the research team’s archives, Redd is not sure Bloomington maintains the records that support the team’s analysis and recommendations for the minimum 7-year period called for by Standard V(C), Record Retention. What is Redd’s most appropriate course of action? A) Decline to participate in any new research until she can verify that the firm is in compliance with the Standard. B) Review the firm’s record retention procedures with her supervisor or compliance officer to ensure that they comply with the Standard, or suggest ways to bring them into compliance. C) Keep her own copies of the relevant records and maintain them at home for a minimum 7-year holding period.
Q2. According to CFA Institute Standards of Professional Conduct, members should do all of the following to meet the compliance procedures for having a reasonable basis for recommendations, EXCEPT: A) distribute a detailed, written research report to clients with each recommendation. B) analyze the client's investment needs. C) analyze the investment's basic characteristics before recommending a specific investment to a broad client group.
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发表于 2009-1-4 15:35
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