Q5. Which of the following is least accurate regarding the promotional announcement of Patel passing the Level 3 exam? A) The fact that a promotional announcement was made violates the restrictions on misrepresenting the meaning of the CFA designation. B) The promotional announcement uses the letters “CFA” as a noun and hence is an improper use of the designation. C) The announcement violates the Code of Ethics because it implies that obtaining a CFA charter leads to superior performance.
Q6. With respect to the choice of broker, did Patel violate any CFA Institute Standards of Professional Conduct? A) No. B) Yes, since Patel is obligated to seek the best possible price and execution for all clients. C) Yes, since Patel failed to properly notify Singh that using TradeRight would lead to higher commissions and opportunity costs.
Q7. 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 V(A), Diligence and Reasonable Basis. B) a violation of Standard III(C), Suitability. C) congruent with Standard V(A), Diligence and Reasonable Basis.
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发表于 2009-1-12 16:38
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