掃碼下載APP
及時接收最新考試資訊及
備考信息
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:
Sheila Schleif, CFA, is an equity analyst at an investment banking division of Mokara Financial Group, a full service financial group. Schleif uses a multifactor computer model to make stock recommendations for all clients of Mokara. Schleif discovers that the model contains an error. If the error were corrected, her most recent buy recommendation communicated to all clients would change to a sell. Schleif corrects the error, changing the buy to a sell recommendation, and then simultaneously distributes via e-mail the revision to all investment banking clients who received the initial recommendation. A week later, Schleif sells the same shares she held in her personal portfolio. Concerning her actions, Schleif most likely violated which of the following CFA Institute Standards of Professional Conduct?
A 、Fair Dealing
B 、Priority of Transactions
C、 Diligence and Reasonable Basis
Questions 2:
Heidi Katz is a CFA candidate and an analyst at a pension consulting firm. Her father is a major shareholder and managing director at Saturn Partners, a large hedge fund. When assisting in an alternative manager search for a pension client, Katz plans to recommend Saturn’s market-neutral strategy because she feels it meets all of the pension plan’s criteria. Given this situation, the best course of action for Katz is to:
A 、not present this strategy to the client and recommend another strategy.
B、disclose the potential conflict to the pension client when discussing this recommendation.
C 、disclose the potential conflict to her employer and follow their guidance regarding disclosure of her relationship to the client.
A is correct because the analyst violated Standard III(B)–Fair Dealing by selectively distributing the recommendation only to investment banking clients despite being responsible for making investment recommendations to all group clients. Schleif should distribute the change in recommendation to all clients who received the initial recommendation, not just those within the investment banking division of the group.
B is incorrect because Schleif did not violate Standard VI(B)–Priority of Transactions as she did not conduct transactions in her personal account until a week after the changed recommendation was distributed to clients.
C is incorrect as now that the coding error is corrected the analyst has a reasonable basis for changing her recommendation as required by Standard V(A)–Diligence and Reasonable Basis.
B is correct because Standard VI(A) requires disclosure of conflicts but does not prohibit members from making recommendations as long as the potential conflicts are appropriately disclosed.
A is incorrect because if Katz believes the Saturn strategy is the best available choice she can make this recommendation, but she must disclose the relationship with her father’s fund.
C is incorrect because even if her employer guides Katz not to disclose a potential conflict, she must still disclose any reasonable influences on her objectivity when making a recommendation to a client or prospective client.
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”。
Copyright © 2000 - www.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 另类 欧美 日韩 国产 在线 | 欧美一区二区三区免费看 | 国内精品视频在线 | 欧美视频日韩 | 国产一区二区三区在线免费观看 | 国产一区二区精品在线 | 综合欧美一区二区三区 | 精品首页| 99精品一区 | 亚洲国产精品一区二区尤物区 | 精品一区二区三区在线播放 | 在线免费福利 | 国产精品日韩 | 欧美特黄aaaaaaaa大片 | 欧美午夜一区二区福利视频 | 亚洲精品久久久久久久久久久 | 欧美二区三区 | 麻豆传媒在线视频 | 久久久久久久一区 | 国产精品高清在线观看 | 99精品视频免费版的特色功能 | 亚洲第一av | 福利视频网址 | 亚洲国产成人精品女人久 | 精品国产精品国产 | 欧美在线观看第一页 | 成人久久精品 | 国产成人av一区二区三区 | 经典三级第一页 | 国产成人精品综合 | 亚洲电影在线 | 国产精品久久久久久久久久久久午夜片 | 日韩国产欧美一区二区三区 | 国产亚洲欧美一区二区 | 日本三级网址 | 国产传媒在线播放 | 国产激情美女久久久久久吹潮 | 国产一级黄大片 | 在线观看av的网站 | 欧美手机在线视频 | www.久久精品 |