Q7. Arthur Harrow, CFA, is a pharmaceuticals analyst at Dominion Asset Management. His supervisor directs him to prepare separate research reports on Miracle Drug Company and Wonder Drug Company. Harrow's former college roommate and close friend is the president of Miracle. Harrow owns 2000 shares of Wonder, which currently sells for $25 a share. Harrow's supervisor is unaware of these facts. According to CFA Institute Standards of Professional Conduct, which of the following action, if any, is Harrow required to take if he writes the research reports? A) Harrow must disclose to Dominion his ownership of shares in Wonder but not his relationship with the president of Miracle. B) Harrow must disclose to Dominion both his relationship with the president of Miracle and his ownership of shares in Wonder. C) Harrow must disclose to Dominion his relationship with the president of Miracle but not his ownership of shares in Wonder.
Q8. Ray Stone, CFA, follows the Amity Paving Company for his employer. Which of the following scenarios is Stone least likely to have to disclose to his employer.
A) Stone's ownership of Amity securities. B) Stone's personal relationship with the CEO of Amity. C) The fact that Stone's son worked at Amity as a laborer during the summer while in school.
Q9. Phil Trobb, CFA, is preparing a purchase recommendation on Aneas Lumber for his research firm. All of the following are potential conflicts of interest EXCEPT: A) Trobb's research firm has a large stake of ownership in Aneas Lumber. B) Aneas hires Trobb as a consultant to analyze Aneas' financial statements. C) Trobb's cousin repairs machines for Aneas.
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发表于 2009-1-9 17:09
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