Q24.What is the required frequency for updating information on each client’s financial situation, investment experiences, and investment objectives?

A)   Only during the first meeting with the client.

B)   Regularly.

C)   Every year.

Q25.If an analyst has a policy of making an inquiry into a client’s financial situation, investment experience, and investment objectives regularly, this is:

A)   neither of these.

B)   a violation of Standard III(E), concerning client confidentiality.

C)   congruent with Standard III(C), Suitability.

Q26.An analyst thinks that a major change in the tax law will benefit holders of utility company stocks. She immediately begins calling all her clients and telling them of the upside potential of investing in such assets now. Based upon this information, this is most likely:

A)   a violation of Standard III(C), Suitability.

B)   a violation of Standard V(A), Diligence and Reasonable Basis.

C)   congruent with Standard V(A), Diligence and Reasonable Basis.

[此贴子已经被作者于2009-1-4 10:11:12编辑过]

答案和详解如下：

Q24.What is the required frequency for updating information on each client’s financial situation, investment experiences, and investment objectives?

A)   Only during the first meeting with the client.

B)   Regularly.

C)   Every year.

Correct answer is B)

Standard III(C) Suitability. Members shall make a reasonable inquiry into a client’s financial situation, investment experience, and investment objectives prior to making any investment recommendations and shall reassess and update this information regularly.

Q25.If an analyst has a policy of making an inquiry into a client’s financial situation, investment experience, and investment objectives regularly, this is:

A)   neither of these.

B)   a violation of Standard III(E), concerning client confidentiality.

C)   congruent with Standard III(C), Suitability.

Correct answer is C)

Standard III(C) explicitly says that an analyst should make such inquiries and update information regularly. Client confidentiality is addressed in Standard III(E) but that is with respect to how the analyst treats the information once it is obtained.

Q26.An analyst thinks that a major change in the tax law will benefit holders of utility company stocks. She immediately begins calling all her clients and telling them of the upside potential of investing in such assets now. Based upon this information, this is most likely:

A)   a violation of Standard III(C), Suitability.

B)   a violation of Standard V(A), Diligence and Reasonable Basis.

C)   congruent with Standard V(A), Diligence and Reasonable Basis.

Correct answer is A)

According to Standard III(C), the analyst needs to determine the suitability of an investment for each client. It is doubtful that all her clients are identical in their needs. According to the information, the analyst mentions the upside potential but does not mention the downside risk. Although the information says that she thinks that the change in the tax law will benefit holders of utility company stocks and says nothing of how she arrived at this conclusion, we do not know if she has or has not made her decision on a reasonable basis.

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谢谢哦