Zhang Zhong, CFA, is a portfolio manager in a large investment management company. He discovers that Chen Qin, CFA, one of the assistant portfolio managers he supervises, may have violated the local s
A. Place limits on the employees activities.
B. Report the conduct to governmental authorities.
C. Start an investigation to determine the extent of the wrong doing.
查看答案
According to CFA Institute Standards of Professional Conduct, members must preserve the confidentiality of information received from a client unless:
A. The information pertains to an impending tender offer.
B. The client has also provided the information to another member.
C. The member is aware of illegal activity of the client.
Country X requires firms to present performance information using only realized returns, while the GIPS standards require calculations to be based on both realized and unrealized returns. A firm locat
A. Cannot claim compliance with GIPS unless it fully meets all GIPS requirements.
B. Should follow the countrys guidelines,and is allowed to claim compliance with GIPS as long as all other GIPS requirements are met.
C. Should follow the countrys guidelines,and is allowed to claim compliance with GIPS as long as disclosure is made regarding the conflict.
Wu Yang, CFA, manages individual portfolios for Far East Trust Company. Hu Haiyun, a client, proposes to Wu Yang, “Any year my portfolio achieves at least a 20 percent return before tax, you and your
A. Fair dealing
B. Disclosure of conflicts
C. Priority of transactions
Win Jang is his firms research director, and one of his regular duties is to distribute a monthly “Top 10 Buys and Sells” list drawn from companies listed in Hong Kong. One month, Jang reads an academ
A. Properly relied on another partys research.
B. Failed to have a reasonable basis for his investment recommendations,due to differences in the German and Hong Kong markets.
C. Failed to have a reasonable basis for his investment recommendations,due to the reliance on a quantitative model.
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