Q6. Which of the following is least accurate regarding the promotional announcement of Patel passing the Level 3 exam? A) The promotional announcement uses the letters “CFA” as a noun and hence is an improper use of the designation. B) The announcement violates the Code of Ethics because it implies that obtaining a CFA charter leads to superior performance. C) The fact that a promotional announcement was made violates the restrictions on misrepresenting the meaning of the CFA designation.
Q7. With respect to the choice of broker, did Patel violate any CFA Institute Standards of Professional Conduct? A) Yes, since Patel is obligated to seek the best possible price and execution for all clients. B) Yes, since Patel failed to properly notify Singh that using TradeRight would lead to higher commissions and opportunity costs. C) No.
Q8. According to CFA Institute Standards of Professional Conduct, when a client asks her portfolio manager to change the current investment strategy of the client’s portfolio, the manager should: A) explain the implications of the new strategy after the member manager implements the strategy. B) examine whether the strategy is appropriate for the client and explain the implications of the new strategy before implementing the strategy. C) obey the client's request without question.
Q9. Bob Hatfield, CFA, has his own money management firm with two clients. The accounts of the two clients are equal in value. One of the clients gets married and the assets of the new spouse and the client are combined. With the larger portfolio of the now married client, Hatfield determines that they can assume a higher level of risk and begins a change in the policy concerning that portfolio. Which of the following would violate Standard III(C), Suitability? A) Implement a similar policy for the other client who did not just get married. B) Assess the return objectives of the newly married client and his spouse. C) Assess the time horizon of the newly married client and his spouse.
[此贴子已经被作者于2009-1-9 15:53:17编辑过] | 
发表于 2009-1-8 15:30
| 
