</p>7. As a CFA candidate, to fulfill the requirement of complying with the Code of Ethics and Standards of Professional Conduct, a candidate must tell:$ e! T% \- z' x: O
A. her immediate supervisor in writing.& w1 k+ y& ^6 z6 }0 A9 ?* D$ ^% x
B. her immediate supervisor orally.# U+ |" Y( n0 N1 _' M" {! z, G |
C. the CEO of her firm in writing., Y, x8 B' c0 r0 \& H) {' ^
D. everyone in the firm through a written memo.2 M6 k: z5 R; z! c9 T
8. When performing for compensation independent service similar to services provided by one's employer, a financial analyst should, according to Standard IIIB, Duty to employer:5 W& B0 T( p) M9 q
I. give the employer a written statement identifying the client, duration, and nature of the services.
$ `3 N5 @9 d6 ]# C7 H, mII. provide, in writing to client, a statement that the services are being performed independently from the employer, and the employer’s charge for these services.
8 X+ Q" R s% V& p5 j& CIII. receive written approval from his employer to provide these services.; F, ~# x' D% U0 ~2 q" `, \
IV. receive written confirmation from the client acknowledging that the services are not being performed by the employer.& {- ]8 P: d% j
A. I and II.) J$ v5 E6 u, R: e/ F& F k# j
B. II and III.6 D, ?/ u; ~ g6 d1 i U+ V
C. I, II and IV.3 R. V& Z- b2 f4 F
D. I, II, III and IV.4 ?6 m( o9 @9 g) f6 l' \' i
9. Which of the following about an investment supervisor are TRUE:
+ T2 j$ s9 ^$ u2 YI. A supervisor is expected to know what constitutes an adequate compliance system.
" F- x! F/ |0 M4 @/ III. A supervisor is responsible for instructing those to whom he has delegated authority about methods to detect and prevent violations of the law and standards.
, C/ P( ~% N* CIII.A supervisor should bring an inadequate compliance system to the attention of management and recommend corrective action.) m- }6 t9 `% m' `* S( o
IV. A supervisor should accept supervisory responsibility whether reasonable procedures are adopted or not.6 n4 J* E3 ^/ x
A. I and III.1 J2 U/ D/ ?. _5 p/ W! S5 h
B. I, II and III.
) Y, A) |8 l" C$ J0 U8 N ?C. II and III.) L, X% h: d' X
D. I, II, III and IV.
2 Z% }/ b- u" g9 L' C10. Connie works for a small money management firm that specializes in pension accounts. Recently, a friend asked her to act as a volunteer manager for the social service pension fund. She should:
% B6 M5 p" V# {7 rA. do nothing since this is a volunteer position./ B* f# b! k$ a
B. discuss the offer with her employer and her firm's compliance officer.
0 n* L; Z; T0 e7 a, ]$ B rC. inform her current clients in writing, get their permission, and discuss the offer with her employer.4 _- t* \: F+ t
D. inform her current clients in writing and get their permission.8 ~/ |: F l. M7 L, ?( K
key: 6. D 7. A 8. D 9.B 10.B |