Melvin Byrne, CFA, manages a portfolio for James Martin, a wealthy client. Martins portfolio is well diversified with a slight tilt toward capital appreciation. Martin requires very little income from
A. Violated the Code and Standards by knowingly creating a conflict of interest between Jamess and Cliffs portfolios.
B. Violated the Code and Standards by failing to determine Cliffs objectives and constraints prior to investing his portfolio.
C. Did not violate the Code and Standards.
查看答案
Ed Ingus, CFA, visits the headquarters and main plant of Bullitt Company and observes that inventories of unsold goods appear unusually large. From the CFO, he learns that a recent increase in returne
A. Yes.
B. No,because the information he used is not material.
C. No,because his actions are consistent with the mosaic theory.
Firms that claim to present investment performance in compliance with GIPS are required to:
A. Document the procedures and policies they use to ensure GIPS compliance.
B. Clearly disclose any calculations or other aspects of a presentation that are non-compliant with GIPS.
Calculate total firm assets as the fair value of all fee-paying discretionary portfolios managed by the firm.
Verification of compliance with GIPS:
A. May be performed on single composites.
B. Is required for a firm to claim GIPS compliance.
C. Requires the verification report to be issued for the entire firm.
The Standard regarding suitability most likely requires that:
An advisor must analyze an investments suitability for the client prior to recommending or acting on the investment.
B. A member or candidate must decline to carry out an unsolicited transaction that she believes is unsuitable for the client.
C. When managing a fund to an index,a manager who is evaluating potential investments must consider their suitability for the funds shareholders.
微信支付 
支付宝支付