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"morality" exercise: Code of Ethics

来源: 正保会计网校 编辑:小鞠橘桔 2020/09/18 09:14:17 字体:

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

Which of the following statements is most likely consistent with the CFA Institute Code of Ethics? CFA Institute members and CFA candidates must:

A、 promote the integrity of and uphold the rules governing capital markets.

B 、practice the highest level of personal and professional integrity and always act in the best interest of their employers.

C、 maintain their professional competence and require investment professionals under their supervision to adopt the CFA Code of Ethics.

Questions 2:

Tibor Figeczky, CFA, is an equity trader at Global Investment Bank (GB). Figeczky traded the bank’s investment portfolio profitably for the past three years and earned significant bonuses for his efforts. Subsequently, internal auditors of GB formally accused Figeczky of exceeding his trading authority and engaging in unauthorized trades. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, Figeczky should most likely:

A 、disclose the complaint to CFA Institute.

B 、refuse further bonuses until the issue is resolved.

C 、request a temporary suspension of his CFA Institute membership.

View answer resolution
【Answer to question 1】A

【analysis】

A is correct because the Code of Ethics requires CFA members and candidates to promote the integrity of and uphold rules governing capital markets. While the Code of Ethics requires members and candidates to act with integrity, and the interests of the client are paramount, not all requests of clients are appropriate to follow, particularly if considered unethical or illegal. The Code of Ethics does not require members and candidates to encourage others to pursue the CFA designation, but to improve their professional competence. 

 B is incorrect because there are times when acting in the best interests of an employer may conflict with the Code and Standards or in the best interests of clients

 C is incorrect because there is no such requirement for supervisors.

【Answer to question 2】A

【analysis】

A is correct as members and candidates must self-disclose on the annual Professional Conduct Statement all matters that question their professional conduct, such as involvement in civil litigation or a criminal investigation or being the subject of a written complaint. 

B is incorrect as the Code and Standards do not prohibit a member from accepting a bonus while an investigation into his professional behavior is conducted. In this case, the member’s actions have been questioned but he has not yet had an opportunity to defend his behavior and may in fact have acted within his authority and earned the compensation fairly. 

 C is incorrect as the Code does not require a member to request a suspension of their membership while a complaint is being investigated.

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特许金融分析师限时免费资料

  • CFA报考指南

    CFA报考指南

  • CFA考试大纲

    CFA考试大纲

  • CFA历年

    CFA历年

  • CFA学习计划

    CFA学习计划

  • CFA思维导图

    CFA思维导图

  • CFA备考建议

    CFA备考建议

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