
标题: Reading 2-VI: Standards of Professional Conduct & Guidan [打印本页]
作者: mayanfang1 时间: 2009-1-4 14:37 标题: [2009] Session 1-Reading 2-VI: Standards of Professional Conduct & Guidance:
Q5. Will Lambert, CFA, is a financial analyst for Offshore Investments. He is preparing a purchase recommendation on Burch Corporation. According to CFA Institute Standards of Professional Conduct, which of the following statements about disclosure of conflicts is most correct? Lambert would have to disclose that:
A) he has a material beneficial ownership of Burch Corporation through a family trust.
B) his wife owns 2,000 shares of Burch Corporation.
C) both of these choices require disclosure.
Q6. According to Standard VI(A), Disclosures of Conflicts, members must disclose to their clients the member’s (or their firm’s) material ownership of all of the following EXCEPT:
A) real estate holdings.
B) corporate finance relationships.
C) beneficial ownership of securities.
Q7. When an analyst makes an investment recommendation, which of the following statements must be disclosed to clients?
A) An employee of the firm holds a directorship with the recommended company.
B) The firm is a market maker in the stock of the recommended company.
C) Both of these statements must be disclosed to clients.
Q8. Bill
Valley has been working for Advisors, Inc., for several years, and he just joined CFA Institute. Valley routinely writes research reports on Pharmaceutical firms. Valley has recently been asked to serve on the board of directors of an organization that promotes the search for a cure of a certain cancer. Serving on the board is an unpaid position without any direct benefits other than meeting new people and potential clients. To comply with Standard VI, Disclosure of Conflicts, Valley needs to:
A) both disclose the position on the board to his supervisor and discuss his activities on the board.
B) do nothing.
C) only disclose the position on the board to his supervisor.
[此贴子已经被作者于2009-1-4 15:01:55编辑过]
作者: mayanfang1 时间: 2009-1-4 14:38
答案和详解如下:
Q5. Will Lambert, CFA, is a financial analyst for Offshore Investments. He is preparing a purchase recommendation on Burch Corporation. According to CFA Institute Standards of Professional Conduct, which of the following statements about disclosure of conflicts is most correct? Lambert would have to disclose that:
A) he has a material beneficial ownership of Burch Corporation through a family trust.
B) his wife owns 2,000 shares of Burch Corporation.
C) both of these choices require disclosure.
Correct answer is C)
Standard VI(A) requires that Members and Candidates fully disclose all matters which may impair their independence or objectivity or interfere with their duties to their employer, clients and prospects.
Q6. According to Standard VI(A), Disclosures of Conflicts, members must disclose to their clients the member’s (or their firm’s) material ownership of all of the following EXCEPT:
A) real estate holdings.
B) corporate finance relationships.
C) beneficial ownership of securities.
Correct answer is A)
Unless the firm’s real estate holdings would impair their independence and objectivity, they need not be disclosed.
Q7. When an analyst makes an investment recommendation, which of the following statements must be disclosed to clients?
A) An employee of the firm holds a directorship with the recommended company.
B) The firm is a market maker in the stock of the recommended company.
C) Both of these statements must be disclosed to clients.
Correct answer is C)
Both of these items are explicitly listed in the discussion of Standard VI(A), Disclosure of Conflicts.
Q8. Bill
Valley has been working for Advisors, Inc., for several years, and he just joined CFA Institute. Valley routinely writes research reports on Pharmaceutical firms. Valley has recently been asked to serve on the board of directors of an organization that promotes the search for a cure of a certain cancer. Serving on the board is an unpaid position without any direct benefits other than meeting new people and potential clients. To comply with Standard VI, Disclosure of Conflicts, Valley needs to:
A) both disclose the position on the board to his supervisor and discuss his activities on the board.
B) do nothing.
C) only disclose the position on the board to his supervisor.
Correct answer is A)
Valley could be affected by his position on the board because he may tend to favor investments in firms that do cancer research. To comply with Standard VI(A), Disclosure of Conflicts, Valley must inform his supervisor of this relationship and discuss his activities on the board. Even if his supervisor does not find the relationship troublesome, any subsequent action that could lead to a conflict of interest should be discussed with the firm’s compliance officer.
作者: xiaotia 时间: 2009-1-21 17:21
[em02]
作者: tofjing 时间: 2009-2-7 17:47
[em01]
作者: nasu 时间: 2009-2-10 11:37
THX
作者: zeraeh 时间: 2009-2-15 20:50
看答案,谢谢LZ
作者: guozeyu 时间: 2009-2-19 22:47
rr
作者: caciquecfa 时间: 2009-2-26 13:43
re
作者: 072570 时间: 2009-3-18 13:48
好
作者: meinexl 时间: 2009-3-21 00:21
看答案,谢谢LZ
作者: suodi 时间: 2009-3-23 10:16
[em50]
作者: fange520 时间: 2009-3-23 20:21
cacc
作者: weishen57 时间: 2009-3-26 11:32
dd
作者: hjl2000 时间: 2009-3-28 21:46
d
作者: gracesun 时间: 2009-4-1 11:56
thank you so mcuh
作者: connie198226 时间: 2009-4-5 23:44
ss
作者: dynamic 时间: 2009-4-8 00:58
thx
作者: mcdullpong 时间: 2009-4-10 13:14
Thanks
作者: big36999 时间: 2009-4-13 04:58
xx
作者: zeex100 时间: 2009-4-18 12:15
thanks
作者: ray0106 时间: 2009-4-30 20:54
谢
作者: 长弓 时间: 2009-5-4 07:54
[em60][em60]
作者: dullmul 时间: 2009-5-6 11:54
thx
作者: francisca 时间: 2009-5-6 12:46
3x
作者: nekkorr 时间: 2009-5-6 19:10
ccc
作者: plee1986 时间: 2009-5-9 14:45
h
作者: helloalan 时间: 2009-5-15 12:31
cacc
作者: IloveMay 时间: 2009-5-19 16:51
[em52]
作者: handsennol 时间: 2009-5-19 22:12
答案
作者: 大狗狗 时间: 2009-5-21 19:48
K
作者: ytmm 时间: 2009-5-24 13:43

作者: ultimatum 时间: 2009-5-24 18:26
thanks for posting
作者: deqiang 时间: 2009-5-27 10:48
ok
作者: michaelzheng 时间: 2009-5-27 11:16
d
作者: itispig2 时间: 2009-5-27 16:01
thanks
作者: youngfwang 时间: 2009-5-27 20:40
qq
作者: li1127217ye 时间: 2009-5-28 00:08
1
作者: vivianegao 时间: 2009-6-1 08:05
ok
作者: resolution 时间: 2009-6-1 09:42
[em55]
作者: valvet 时间: 2009-6-1 11:31
cacb
作者: ariz3260 时间: 2009-6-1 13:47
thx
作者: jw564 时间: 2009-6-1 15:56
thx
作者: mma03 时间: 2009-6-2 09:53
dict
作者: hairliu 时间: 2009-6-2 16:20
thks
作者: redmoon 时间: 2009-6-4 21:58
thnaks
作者: cover2421 时间: 2009-6-6 17:42
thanks
作者: ch_914 时间: 2009-7-17 19:54
thanks
作者: luodan0103 时间: 2009-8-27 10:04
thanks
作者: tobuketsu 时间: 2009-9-5 20:20 标题: re
th
作者: wenganyang 时间: 2009-9-5 22:02
dsz
作者: zjnan618 时间: 2009-9-7 10:35
thanks a lot
作者: vinthen 时间: 2009-9-7 10:52
have a look the answer!
作者: lyy007005 时间: 2009-9-7 16:58
thanks a lot
作者: ohwow_my 时间: 2009-9-10 10:24
thanks
作者: kin009 时间: 2009-9-11 14:35
v
作者: garmun 时间: 2009-10-7 22:14
tq
作者: htpeng 时间: 2009-10-8 04:27
cc
作者: violabest 时间: 2009-10-14 02:30
D
作者: casey11 时间: 2009-10-19 10:17
11
作者: Rainysky314 时间: 2009-10-19 22:10
fre f
作者: doralin 时间: 2009-10-21 16:58
[em55]
作者: solitute 时间: 2009-11-3 19:57
thanks
作者: haisian 时间: 2009-11-11 13:14
O(∩_∩)O谢谢
作者: tin_wo 时间: 2009-11-12 07:41
tk
作者: dreamkhole 时间: 2009-11-14 09:41
thanks
作者: shjens 时间: 2009-11-17 02:48 标题: skdj
ksdjhf
作者: mellsa 时间: 2009-11-17 09:04
aaa
作者: bjorkfish 时间: 2009-11-17 13:14
tx
作者: shwhana 时间: 2009-11-18 13:39
看答案
作者: xmwang 时间: 2009-11-20 08:46
d
作者: jinyingxie 时间: 2009-11-21 23:36
d
作者: rednblack 时间: 2009-11-23 05:36
thanks
作者: rockuk 时间: 2009-11-23 21:28
CACA
作者: lubertzizi 时间: 2009-11-30 10:59
thx
作者: sadkto 时间: 2009-12-4 13:52
ty
作者: rockmelon 时间: 2009-12-4 21:40
re
作者: zhangyi0702 时间: 2009-12-5 22:03
drg
作者: wendyshure 时间: 2009-12-6 12:24
DSADA
作者: Vicky724 时间: 2009-12-10 09:20
yao kan
作者: 旺旺 时间: 2010-2-23 22:48
1
作者: gzj123 时间: 2010-2-28 15:40
3x
作者: rebeccalujie 时间: 2010-3-4 11:27 标题: kankan
3x
作者: hyn126123 时间: 2010-3-4 12:57
d
作者: 0939 时间: 2010-3-30 22:40
[em62]
作者: FINDKIN123 时间: 2010-4-21 11:17
T
作者: du6207 时间: 2010-4-21 15:11
ding
作者: whenangel 时间: 2010-4-21 21:44 标题: 太感谢啦
thx
作者: JessieYang 时间: 2010-4-24 11:31
thx
作者: xiaoyinxia 时间: 2010-4-26 08:05
thx
作者: shuru1207 时间: 2010-5-5 03:39
thnx
作者: jhqhj 时间: 2010-5-11 21:03
aaca
作者: godfather 时间: 2010-5-15 21:56
good
作者: ibankerchina 时间: 2010-5-16 11:51
thank you very much................
作者: chukupuku 时间: 2010-5-17 03:09
thanks
作者: goldfishcfa 时间: 2010-5-18 05:53
thanks
作者: annyyu 时间: 2010-5-19 05:47
re
作者: ibankerchina 时间: 2010-5-19 09:07
thanks a lot........
作者: hbsun 时间: 2010-5-24 14:22
thx
作者: micynthia 时间: 2010-5-24 23:07
1
作者: 中心是悼 时间: 2010-5-25 03:51
hgklj;jhkthanks
欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) |
Powered by Discuz! 7.2 |