Reading 1: Code of Ethics and Standards of Professional Cond 2010, center, border, following, activities

bmaggie

Session 1: Ethical and Professional Standards
Reading 1: Code of Ethics and Standards of Professional Conduct

LOS b, (Part 1): State the six components of the Code of Ethics.

 

 

Which of the following activities would be following a component of the Code of Ethics explicitly?

A) Consulting with colleagues about opinions you reach in your research.

B) Maintaining a list of colleagues who have violated the CFA Institute standards.

C) Attending continuing education seminars on investing and inviting colleagues to come along.

 

bmaggie

Which of the following activities would be following a component of the Code of Ethics explicitly?

A) Consulting with colleagues about opinions you reach in your research.

B) Maintaining a list of colleagues who have violated the CFA Institute standards.

C) Attending continuing education seminars on investing and inviting colleagues to come along.

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The Code states that a member shall “Maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals.” None of the other answers qualify.

bmaggie

According to the Code of Ethics, the professional judgment of a member should be:

A) guided by the SEC guidelines.

B) independent.

C) dependent on that of his/her colleagues.

bmaggie

According to the Code of Ethics, the professional judgment of a member should be:

A) guided by the SEC guidelines.

B) independent.

C) dependent on that of his/her colleagues.

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The Code of Ethics states that the CFA Institute member shall “Use reasonable care and exercise independent professional judgment.” None of the other answers resemble anything in the Code.

bmaggie

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.

bmaggie

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.

bmaggie

Which of the following is NOT part of the CFA Institute Code of Ethics?

A) Independent judgment.

B) Competence.

C) Contractual provisions.

bmaggie

Which of the following is NOT part of the CFA Institute Code of Ethics?

A) Independent judgment.

B) Competence.

C) Contractual provisions.

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Contractual provisions are not part of the Code of Ethics.

bmaggie

The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act in a certain manner with respect to which of the following groups?

A) Colleagues in the investment profession.

B) The public.

C) The SEC.

bmaggie

The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act in a certain manner with respect to which of the following groups?

A) Colleagues in the investment profession.

B) The public.

C) The SEC.

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The SEC is not mentioned in the Code of Ethics. Component one mentions duties to the public, clients, prospects, employers, employees, colleagues, and other participants in the global capital markets.