</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:8 e6 N# S7 {+ L" p, d4 b& B
A. her immediate supervisor in writing.7 H) F; y& Q! {. A* \
B. her immediate supervisor orally.: ^. l0 Y( ~- x i' g# o
C. the CEO of her firm in writing.
1 I v: Y! O1 C8 q$ N" _, GD. everyone in the firm through a written memo.
& v1 v6 @) w% g2 Q, \/ [9 _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:9 i7 l A+ r0 V" j7 R' v0 S
I. give the employer a written statement identifying the client, duration, and nature of the services.
$ O. v M# q. FII. 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.7 S4 I' F4 Y" d/ D; H# P1 F" b
III. receive written approval from his employer to provide these services.
6 ?. i: X/ g; F8 a7 bIV. receive written confirmation from the client acknowledging that the services are not being performed by the employer.
8 [5 y8 r% ?' q+ U' w; qA. I and II.
7 N1 J7 X3 x. A5 `B. II and III.; w% l: m1 \/ W; O! j4 V' G
C. I, II and IV.. c; a7 U4 P* t/ [- C% \( b9 D" X% ~ ]
D. I, II, III and IV.
7 m' |/ i2 r, v: J; m4 p( ?* U9. Which of the following about an investment supervisor are TRUE:6 P' a& z2 g3 Q4 b% S- Q
I. A supervisor is expected to know what constitutes an adequate compliance system.- J, D8 k2 X! f/ c
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.
- D$ ], u/ X! l# ?- B/ kIII.A supervisor should bring an inadequate compliance system to the attention of management and recommend corrective action.
) ^" V" K* X& U* KIV. A supervisor should accept supervisory responsibility whether reasonable procedures are adopted or not.+ |' N# y4 f! q# e, R& h
A. I and III.
( d1 B# X5 h8 H. QB. I, II and III.( t; }, G; s( R2 e9 U7 u9 Z
C. II and III./ Y5 R w* s, ^5 q4 o. T
D. I, II, III and IV.: R- ]0 |* C: k9 p) j. k& z
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:6 v1 i- O6 ^2 o- `
A. do nothing since this is a volunteer position.2 L( j7 j' R6 |8 s% L, |4 }: l
B. discuss the offer with her employer and her firm's compliance officer.
$ d9 l1 ]: b/ q2 L! ], AC. inform her current clients in writing, get their permission, and discuss the offer with her employer.
9 q5 _6 x) w6 Q y. @D. inform her current clients in writing and get their permission.
3 o' t, b) o8 N* t5 V" Y1 i; akey: 6. D 7. A 8. D 9.B 10.B |