CFA考试一级章节练习题精选0331-49附详解）
1、Diana Fairbanks, CFA, is married to an auditor who is employed at a large accounting firm. Whenher husband mentions that a computer firm he audits will receive a qualified opinion, she thinksnothing of it. Later that week, when she reviews a new client account, she notices there aresubstantial holdings of this computer firm. When she does a thorough internet arch for news onthe company, she does not find anything about its most recent audit or any other adverinformation. Which of the following actions concerning the computer stock should Fairbanks mostlikely take to avoid violating the CFA Institute Standards of Professional Conduct?【单选题】
A.Complete a thorough and diligent analysis of the company and then ll the stock.
B.Sell the stock immediately becau she has a reasonable basis for taking this inve
stment action.
C.Take no investment action.
正确答案:C考试鼓励的话
答案解析:The information concerning the qualified opinion is material. It is also nonpublic becau it has notbeen relead and is not available online, so the mosaic theory would not hold up in this ca. As aresult, she would be in violation of Standard II(A)-Material Nonpublic Information if she tookinvestment action bad on this information. She should also make reasonable efforts to achievepublic dismination of the information.
CFA Level I
"Guidance for Standards I-VII"
速效壮阳药Standard II(A) Material Nonpublic Information
1、With respect to the Standards relating to prervation of confidentiality, which o
fthe following statements is least accurate? Members and candidates must keepinformation about all former current, and prospective clients confidential unless:【单选题】
A.the information concerns illegal activities on the part of the clients.
B.disclosure is required by firms' policies.
季连C.the clients permit disclosure of the information.
正确答案:B
答案解析:本题考查的是客户的私密信息是否可以公开。教材中列举了可以披露的三种情况，一般符合披露要求的情况是：法律上要求公开（而不是公司政策）；客户或潜在客户允许公开；客户行为中包含非法行为，同时外加接受CFA协会专业行为项目（PCP）的调查。
形容绿的词语
1、Richard Cardinal, CFA, is the founder of Volcano Capital Rearch, an investme
nt management firm who sole activity is short lling. Cardinal eks out companies who stocks have had large price increas. Cardinal also pays veral lobbying firms to update him immediately on any legislative or regulatory changes that may impact his target companies. Cardinal lls short tho target companies he estimates are near the peak of their sales and earnings and that his sources identify as facing legal or regulatory challenges. Immediately after he lls a stock, Cardinal conducts a public relations campaign to disclo all of the negative information he has gathered on the company, even if the information is not yet public. Which of Cardinal’s following actions is least likely to be in violation of the CFA Institute Standards of Professional Conduct?【单选题】
A.Selling stock short
B.Trading on information from lobbyists
C.Disclosing information about target companies害怕死亡怎么办
侦探名言正确答案:A
答案解析:CFA Institute Standards
2012 Modular Level I, Vol. 1, pp. 59–60, 108
Study Session 1-2-b
Distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and Standards.
A is correct becau lling stock short is a management strategy and does not necessarily violate any aspect of the Code and Standards.
1、With respect to the CFA Institute Code of Ethics and Standards of ProfessionalConduct, which of the following is least likely to prompt an inquiry by the CFAInstitute Professional Conduct Program?【单选题】
A.Written complaints received by Professional Conduct staffs.
B.A violation report submitted by CFA examination proctors.余秉谚
C.Internal investigations of members conducted by local CFA societies.虎头獒
