答案和详解如下： Q28. Allen Parsons, a CFA candidate, suspects a colleague at his firm of engaging in an illegal activity. Which of the following statements about procedures for compliance involving Standard I(A), Knowledge of the law is FALSE? Parsons: A) is required to report this legal violation to the appropriate governmental or regulatory organizations. B) should urge his firm to attempt to persuade the perpetrator to cease such conduct. C) should consult counsel to determine whether the conduct is, in fact, illegal. Correct answer is A) Standard I(A), Knowledge of the law, does not require that Parsons report legal violations to the appropriate governmental or regulatory organizations, but such disclosures may be appropriate under certain circumstances. Q29. Mary Kim practices in the economically advanced country of Oldasia as well as in the emerging market country of Newasia. By regulation, Oldasia prohibits licensed investment advisors from trading in securities ahead of their clients. Newasia has no laws or regulations in this area. According to the CFA Institute Standards of Professional Conduct, Kim may: A) not trade ahead of her clients in either country. B) trade ahead of her clients in Newasia only. C) trade simultaneously with her clients in Newasia only, as long as she has made full disclosure to her clients that she reserves the right to do this. Correct answer is A) Under Standard I(A) Knowledge of the Law must apply the CFA Institute Code and Standards or the controlling law, whichever is stricter. Because Standard VI(B) Priority of Transactions requires members to put client trades ahead of their own transactions, Kim must follow the standard in the absence of governing law or where the law is less strict than the Standard. Q30. The CFA Institute Standards of Practice Handbook requires CFA Institute members to do all the following EXCEPT:
A) to disclose in writing to the proper regulatory authority all observed violations of the securities laws and regulations. B) receive written permission from both their employer and outside clients to engage in investment consulting outside the firm. C) to inform employer, clients, and potential clients of benefits received for recommending products or services. Correct answer is A) Members are not required to report violations of others to regulatory authorities, either verbally or in writing, but such reporting may be prudent. Q31. A CFA Institute member works for Secure Securities, Inc., and plays rugby on the firm’s rugby team. Secure Securities’ team recently played the team of a rival firm. During the game, a fight broke out and the CFA Institute member was the instigator, but no one was seriously hurt. Is this a violation of I(A) concerning maintaining knowledge and complying with laws, rules, and regulations? A) No, because a fight at a rugby game is not a professional activity. B) Yes, because the member is bound by the Code of Ethics. C) Yes, because the member could have hurt someone in the fight. Correct answer is A) Standard I(A) covers members' professional activity only. Violations outside professional activity that involve fraud, theft or deceit would potentially be violations. | 
发表于 2009-1-12 15:56
| 
