Q8. Hillary Jones, CFA, sometimes promises clients that she will allocate more shares from oversubscribed initial public offerings (IPOs) than she knows she will actually be able to deliver. Her employer has reprimanded her in the past for similar behavior. Which of the following statements is least accurate regarding Jones' behavior? A) Her actions are a violation of the standard concerning misrepresentation, because she promised something she knew the firm could not deliver. B) Her actions are a violation of the Standards only if prosecution results in a felony conviction. C) Her actions are a violation of the standard concerning professional misconduct because she deceived her clients.
Q9. An investment advisor takes a trip for which his firm will pay the expenses. Upon his return he alters some of the numbers on restaurant receipts to inflate the expenses by $64. Is this a violation of Standard I(D)? A) Yes, because it reflects adversely on the charterholder’s professional reputation. B) No, if such a crime carries less than a one-year prison term. C) Yes, because the amount involved is over $50.
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发表于 2009-1-12 16:13
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