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:
* A8 d7 Q. |7 \5 lA. her immediate supervisor in writing.
6 S& O7 L" n( r/ hB. her immediate supervisor orally.
9 l6 ]4 ^0 ?! H& Z$ n% v, zC. the CEO of her firm in writing.9 o0 A# n- f- J. y0 T k
D. everyone in the firm through a written memo.
9 Z! d$ u& ]) a$ c) j0 t8. 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:
& x6 ]6 o% s3 ^I. give the employer a written statement identifying the client, duration, and nature of the services.
8 @& U$ L5 G/ D5 U: [7 {II. 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.: W& T T4 q2 \4 A @9 p% Z
III. receive written approval from his employer to provide these services.
8 L. n' D& e6 R+ G& k/ J. |IV. receive written confirmation from the client acknowledging that the services are not being performed by the employer.6 J: [# ^8 K2 k; p! a
A. I and II.
5 z7 [+ \! m+ A7 V) `. ~B. II and III.
* \$ j! l6 u* c' M# _C. I, II and IV.
j5 z& z* L; x( }$ UD. I, II, III and IV.
0 t% c- h9 [8 g: f' _0 R0 b9. Which of the following about an investment supervisor are TRUE:, A: q) N( p! w
I. A supervisor is expected to know what constitutes an adequate compliance system.8 O1 f$ F9 B$ l* r6 O- W9 |' e
II. 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.
5 v5 x1 n* S; w" M: e7 i* F+ ?III.A supervisor should bring an inadequate compliance system to the attention of management and recommend corrective action.; b$ s. V C; W+ r& ^: l
IV. A supervisor should accept supervisory responsibility whether reasonable procedures are adopted or not.: `, Y x4 Q5 K4 ]3 x
A. I and III.! E: e* @3 Q* U; D; p( U7 t" E
B. I, II and III., f4 T, G; a% |$ Y- C
C. II and III.: e4 P. H8 Y5 a3 o4 A
D. I, II, III and IV.; M; ^# u( W+ n. i/ J$ ~
10. 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:
, l3 b# _2 U4 U# n( @A. do nothing since this is a volunteer position.
' h2 j. r9 n, v2 o# ~6 IB. discuss the offer with her employer and her firm's compliance officer./ [4 J; I( ]7 Z: |% z: h
C. inform her current clients in writing, get their permission, and discuss the offer with her employer.
! u1 b: |4 ^: `0 d) X+ ]0 |& }+ xD. inform her current clients in writing and get their permission.' I' o2 o/ d9 x2 z& I- c
key: 6. D 7. A 8. D 9.B 10.B |