6 Correct answer is C Guidance for Standards I-VII, Standards of Practice Handbook
2008 Modular Level I, Vol. 1, pp. 48-51, 53-58, 80-82
Study Session 1-2-b
distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and the Standards
By communicating this information to his father prior to release of the report, Gunard failed to put the firm’s clients’ interests above his own. Nothing in the question indicates that he did not have a reasonable basis for his recommendation; he conducted a thorough fundamental analysis and his report was approved. The fact that Gunard’s father had already disposed of the shares does not negate the fact that Gunard violated a duty to the firm’s clients. 7 Correct answer is A Guidance for Standards I-VII, Standards of Practice Handbook
2008 Modular Level I, Vol. 1, pp. 36-39
Study Sessions 1-1-c, 1-2-b
explain the ethical responsibilities required by the Code and Standards, including the multiple subsections of each Standard;
distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and the Standards
A member in possession of material nonpublic information that could affect the value of an investment may not act or cause others to act on the information. 8 Correct answer is D Guidance for Standards I-VII, Standards of Practice Handbook
2008 Modular Level I, Vol. 1, p. 101
Study Sessions 1-1-c, 1-2-b
explain the ethical responsibilities required by the Code and Standards, including the multiple subsections of each Standard;
distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and the Standards
Conduct covered and prohibited under Standard VII (A) includes cheating on the CFA examination or any other examination. 9 Correct answer is A Guidance for Standards I-VII, Standards of Practice Handbook
2008 Modular Level I, Vol. 1, p. 71
Study Sessions 1-1-c, 1-2-b
explain the ethical responsibilities required by the Code and Standards, including the multiple subsections of each Standard;
distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and the Standards
Activities that would normally violate a member’s duty to his employer (such as copying employer records) may be justified. Such action would be permitted only if the intent is clearly aimed at protecting clients or the integrity of the market and not for personal gain. 10 Correct answer is B Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp. 83-85, 91
Standards I-VII
2008 Modular Level I, Vol. 1, pp. 69-71, 75
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 who plan to engage in independent practice for compensation should not render services until receiving written consent from their employer. | 
发表于 2008-11-13 05:40
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