土豆妮

According to the CFA Institute Code of Ethics, CFA Institute Members and Candidates must do all of the following EXCEPT:

A) exercise independent judgment.

B) not knowingly violate the securities acts and laws.

C) act with integrity and dignity.

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Not knowingly violating the law is in the Standards of Professional Conduct, but is not in the Code of Ethics.

土豆妮

 

Which of the following is a component of the Code of Ethics?

A) Members and candidates shall not engage in any conduct or commit any act that compromises the integrity of the CFA designation or the integrity or validity of the examinations leading to the award of the right to use the CFA designation.

B) Members shall not copy or use, in substantially the same form as the original, material prepared by another without acknowledging and identifying the name of the author, publisher, or source of such material. Members may use, without acknowledgment, factual information published by recognized financial and statistical reporting services or similar sources.

C) Practice and encourage others to practice in a professional and ethical manner that will reflect credit on members and their profession.

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This is a component of the Code of Ethics. Others pertain to the Standards of Practice.

土豆妮

The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?

A) Actively lobby for new laws to protect the public.

B) Reflect credit on the profession.

C) Act with integrity.

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The Code of Ethics says nothing about a CFA Institute member lobbying for new laws. In fact, legal issues are not a part of the Code. The Standards of Professional Conduct say that the member shall obey laws.

土豆妮

In dealing with the public and others, the CFA Institute Code of Ethics indicates that CFA Institute members will act with:

A) integrity, competence, and respect.

B) confidence, knowledge, and high ethical standards.

C) honesty, professionalism, and goodwill.

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Integrity, competence, and respect are included in the first component of the Code of Ethics.

土豆妮

Which of the following is a component of the Code of Ethics? CFA Institute members shall:

A) strive to maintain and improve their competence and the competence of others in the profession.

B) act for the benefit of their clients and place their clients' interests before their own.

C) disclose to their employer all matters that reasonably could be expected to interfere with their duty to their employer or ability to make unbiased and objective recommendations.

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Striving to maintain and improve their competence and the competence of others in the profession is one of the components of the Code of Ethics, whereas the other statements are part of the Standards of Professional Conduct.

土豆妮

The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act with which of the following?

A) Integrity.

B) Solemnity.

C) Competence.

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Component one mentions all of these except solemnity.

土豆妮

 

Which of the following is NOT an act explicitly referred to in the Code of Ethics?

A) Using reasonable care when making investment recommendations.

B) Improve professional competence.

C) Giving free introductory seminars on investing to the public.

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Although the Code says a member has obligations to the public, educating the general public for whatever reason is not implied.

土豆妮

According to the Code of Ethics, which of the following statements is FALSE? CFA Institute members are required to:

A) use reasonable care and exercise independent professional judgment.

B) comply with the CFA Institute Performance Presentation Standards.

C) maintain and improve their competence and strive to maintain the competence of others in the profession.

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The CFA Institute-PPS are voluntary standards for the industry. Firms are not required to comply with these standards when presenting performance. The other statements are each components of the CFA Institute Code of Ethics.

土豆妮

Which of the following is least likely a component of the Code of Ethics? In dealing with the public, clients, prospects, employers, employees, and fellow members, CFA Institute members shall act with:

A) integrity.

B) respect.

C) humility.

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Although acting with humility may be desirable, CFA Institute members are not required to do so. However, they should act in a manner that reflects credit on themselves and their profession.

土豆妮

Which of the following is a component of the Code of Ethics?

A) Members shall not knowingly participate or assist in any violation of such laws, rules, or regulations.

B) Members shall use reasonable care and exercise independent professional judgment.

C) Members shall not engage in any professional conduct involving dishonesty, fraud, deceit, or misrepresentation or commit any act that reflects adversely on their honesty, trustworthiness, or professional competence.

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This is a component of the Code of Ethics. Others pertain to the Standards of Professional Conduct.