Q15. Futura Investments Co. decides to diversify its current portfolio with stocks from three companies in a new segment of the biotechnology industry. William Burgin, CFA, is an analyst at Futura and had previously bought shares of the same three companies for his own portfolio, well before his employer started researching them. Burgin has already disclosed the composition of his personal portfolio to Futura Investments, to be in compliance with the Code & the Standards. Which of the following actions should Burgin take? A) Diversify his personal portfolio so, in this way, these stocks will no longer represent a substantial portion of the portfolio. B) Hire a full discretionary power or blind trust manager for his portfolio. C) Open an account that will be managed by someone else but will allow him to maintain his investment preferences.
Q16. While copying some of her research materials at work, Mary Jones comes across a few incomplete research notes written by one of her colleagues. As a result of reading the notes, and without further review, Jones immediately changes one of her stock recommendations from sell to buy. Which of the following CFA Institute Standards has Jones violated? A) Standard III(A), Loyalty, Prudence, and Care. B) Standard V(A), Diligence and Reasonable Basis. C) Standard I(B), Independence and Objectivity.
Q17. Kenny Barrett, CFA, is working in the Australian office of American Investments Co. From an informal conversation, Barrett learns that the company’s most recent investment report was based on misappropriated information. No one at the Australian office expresses concern, however, because there has been no breach of Australian law. Barrett should: A) do nothing because the branch is outside of U.S. jurisdiction. B) disassociate himself from the case with a written report to his supervisor. C) seek advice from company counsel to determine appropriate action.
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发表于 2009-1-7 09:24
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