Q9. Lindquist’s actions in advertising his investment performance: A) conform to all standards. B) violate Standard III(D): Performance Presentation. C) conform to standards concerning performance presentation as long as Lindquist does not claim compliance with CFA Institute Global Investment Performance Standards.
Q10. Regarding the NCAA tickets, what action must Lindquist take to avoid a violation of Standard IV(B): Additional Compensation Arrangements? A) Disclose his receipt of the tickets to all other clients with the same investment objective as the Olson account. B) None. Lindquist’s actions do not violate Standard IV(B). C) Obtain written consent from all parties involved.
Q11. David Saul, CFA, heads the trust department at Savage National Bank. Fairway Enterprises invites Saul to sit on its Board of Directors. In return for his services on the Board, Fairway offers to provide Saul and his family with access to the facilities at Wilmont Country Club at no cost. Saul will not receive any monetary compensation for his services on the Board. According to CFA Institute Standards of Professional Conduct, which of the following actions must Saul take? A) Saul must obtain written consent from all parties to only if he decides to accept the offer to serve on the Board of Directors. B) Saul must disclose in writing to Savage Bank the terms of the offer whether or not he accepts the offer to serve on the Board of Directors. C) Saul must reject the offer to serve on the Board of Directors.
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发表于 2009-1-12 16:51
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