9、Jiro Sato, CFA, deputy treasurer for May College, manages the Student Scholarship Trust. Sato issued a Request for Proposals (RFP) for domestic equity managers. Pamela Peters, CFA, a good friend of Sato, introduces him to representatives from Capital Investments, who submitted a proposal. Sato selected Capital as a manager based on the firm's excellent performance record. Shortly after the selection, Peters, who had outstanding performance as an equity manager with another firm, accepted a lucrative job with Capital. Have Sato and Peters, respectively, violated any CFA Institute Standards of Professional Conduct? | Sato | Peters | A. | No | No | B. | No | Yes | C. | Yes | No | D. | Yes | Yes |
A. Answer A B. Answer B C. Answer C D. Answer D
Correct answer = A
Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp. 15-20, 113, 127
Standards I-VII
2008 Modular Level I, Vol. 1, pp. 21-26, 89, 99
Study Session 1-2-a
demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to specific situations presenting multiple issues of questionable professional conduct
Members should use reasonable care and judgment to maintain independence and objectivity. There is no indication of inappropriate behavior in selection of the equity manager or in the acceptance of employment with that manager; both decisions were based on the excellent performance records of the manager and the member, respectively. | 
发表于 2008-5-27 12:18
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