答案和详解如下： Q3. Litman’s past and future policy concerning the monitoring and control of the exchange of gifts has: A) at least two problems: she apparently was not informed in writing and she has not prohibited cash gifts. B) only one problem: she apparently was not informed in writing. C) only one problem: she apparently has not prohibited cash gifts. Correct answer is A) Recommend practices and procedures designed to prevent violations of the Asset Manager Code addresses loyalty to clients. Loyalty to clients deal with always putting the client’s interests before your own, maintaining the confidentiality of client information, and not engaging in any business relationship or accepting gifts from others that could affect your judgment and objectivity. The code requires a determination of what constitutes a token gift and allowing only token gifts from outside business. This is to limit the influence of these individuals over the asset manager. Cash should never be accepted, employees should always notify their supervisor in writing when they accept any gifts. Litman made no reference to prohibiting cash, and the conversation implies that Litman had not been getting reports of gifts in writing. Q4. Litman’s instructions to Book concerning creating an anti-money-laundering policy to detect and help prevent Cooper and Grey from being used for that purpose and other illegal activities is: A) appropriate and correct. B) not entirely correct in that Cooper and Grey may give necessary information to legal authorities in the event of an investigation. C) not appropriate, nor is the issue a part of the CFAI Asset Manager Code of Professional Conduct. Correct answer is B) Recommend practices and procedures designed to prevent violations of the Asset Manager Code addresses loyalty to clients. Loyalty to clients deal with always putting the client’s interests before your own, maintaining the confidentiality of client information, and not engaging in any business relationship or accepting gifts from others that could affect your judgment and objectivity. Appropriate procedures include creating an anti-money-laundering policy to detect and help prevent firms from being used for money laundering or other illegal activities and creating a procedure that delineates how confidential client information should be collected, utilized, and stored. The confidential information policy does not preclude disseminating necessary information to legal authorities in the event of an investigation. | 
发表于 2009-1-7 09:56
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