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"morality" exercise:Ethics of investment industry
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
CFA Institute support of a local country sponsor to drive the adoption of the GIPS standards seeks to:
A、 provide a link between the governing body and the local markets.
B 、promote the standards as mandatory.
C 、translate the standards into the local language for use as the official governing version.
Questions 2:
Under what circumstances could a client possibly win a lawsuit against a financial adviser despite the financial adviser abiding by all regulatory and legal requirements?
A、 The adviser benefiting more from the relationship than the client
B 、The adviser not being subject to a code of ethics
C、 The adviser violating his employer’s published code of ethics
View answer resolution
【Answer to question 1】A
【analysis】
A is correct. Country sponsors provide an important link between the GIPS Executive Committee, the governing body for the GIPS standards, and the local markets in which investment managers operate.
B is incorrect because the standards are promoted as voluntary.
C is incorrect because the official governing version of the standards is the English version and not the local language version.
【Answer to question 2】C
【analysis】
C is correct. If the client could prove the firm marketed its code of ethics (i.e., putting the interests of the client first) as a reason to hire the firm and the adviser violated the code, the court may rule in the client’s favor.
A is incorrect because an adviser can still act in a fiduciary manner while benefiting more than the client. This is particularly true when investment returns are unexpectedly negative and the client pays fees to the adviser.
B is incorrect because unethical behavior is not necessarily illegal. However, if the client could prove the firm marketed their code of ethics (i.e., putting the interests of the client first) as a reason to hire the firm and the adviser violated the code, the court may rule in the client’s favor.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。更多CFA考試資訊，點擊了解>
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